Rebecca and Brad Are Married and Will File Jointly

question 64

Essay

Rebecca and Brad are married and will file jointly. Rebecca earns $300,000 from her single-member LLC (a law firm). She reports her business as a sole proprietorship. Wages paid by the law firm amount to $40,000? the law firm has no significant property. Brad is employed as a tax manager by a local CPA firm. Their modified taxable income is $381,400 (this is also their taxable income before the deduction for qualified business income). Determine their QBI deduction for 2019.

---

Definitions:

Polysaccharide

A complex carbohydrate composed of a long chain of monosaccharide units bonded together, serving various functions including energy storage and structural roles.

Nucleotide

A molecule consisting of one or more phosphate groups, a 5-carbon sugar (ribose or deoxyribose), and a nitrogenous base (purine or pyrimidine).

ATP

See adenosine triphosphate.

Cysteine Residues

The amino acid units in proteins that contain a thiol group, often involved in the formation of disulfide bonds that stabilize protein structure.