Kelly Operates a Sole Proprietorship with Qualified Business Income of $920,000

question 69

Multiple Choice

Kelly operates a sole proprietorship with qualified business income of $920,000. Her business paid W-2 wages of $250,000 and owns depreciable tangible property with an unadjusted basis of $410,000. Compute Kelly's allowable Section 199A deduction.

• A) $184,000
• B) $125,000
• C) $72,750
• D) $0

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Definitions:

Personality Test

An assessment tool designed to measure and evaluate a person's character or psychological makeup.

Reliability

In measurement, the tendency of an instrument to provide the same comparative information on repeated occasions.

Generalizability

The degree to which a measurement can be found under diverse circumstances, such as time, context, participant population, and so on. In modern psychometrics, this term includes both reliability and validity.

Reliability

In statistics and psychometrics, it refers to the consistency and dependability of a test, measurement, or evaluation over time.