Campbell, a Single Taxpayer, Has $400,000 of Profits from Her

question 55

Multiple Choice

Campbell, a single taxpayer, has $400,000 of profits from her general store that she operates as a sole proprietorship. She has $100,000 of employee wages, $40,000 of qualified property, and $500,000 of taxable income before the deduction for qualified business income. How much is Campbell's deduction for qualified business income?

• A) $100,000.
• B) $80,000.
• C) $50,000.
• D) $26,000.
• E) $0.

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Purchased Links

Links to a website that have been bought from other sites to improve search engine rankings or visibility.

Search-Results Page

A web page that displays a list of links or snippets returned by a search engine in response to a keyword query.

Digital Device

An electronic device that can store, process, or transfer data digitally, such as smartphones, tablets, and computers.

Potential Purchase

A scenario where a consumer considers buying a product or service but has not yet made the decision to proceed with the purchase.