Donna and Mark Are Married and File a Joint Return

question 115

Multiple Choice

Donna and Mark are married and file a joint return reporting taxable income of $350,000. Donna owns a qualified S corporation that is not a specified service business. During the year, Donna incurs qualified business income of $75,000. Donna's share of wages paid by the business is $20,000. Assuming there is no qualified property factor, calculate her 20% QBI deduction.

• A) $0.
• B) $9,750.
• C) $15,000.
• D) $20,000.

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