Jansen, a Single Taxpayer, Owns and Operates a Restaurant (As

question 64

Essay

Jansen, a single taxpayer, owns and operates a restaurant (as a sole proprietorship). The business is not a specified services business. In 2019, the business pays $125,000 in W-2 wages, has $187,500 of qualified property, and $437,500 in net income (all of which is qualified business income). Jansen has no other items of income or loss and will take the standard deduction. What is Jansen's qualified business income deduction?

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Definitions:

Internal Relational Leadership

A leadership approach that focuses on building strong interpersonal relationships within the organization to drive performance and achievement.

Disheartened

Characterized by a feeling of loss of hope or enthusiasm.

Brainstorming Processes

A technique used to generate a large number of ideas for the solution of a problem in a group setting.

Minimized

The act of reducing something to the smallest possible amount or degree.