Which of the Following Is True Regarding the Qualified Production

question 22

Multiple Choice

Which of the following is true regarding the Qualified Production Activities Deduction (QPAD) ?
I.The QPAD deduction is limited to 9% of the lessor of taxable income before the QPAD deduction or qualified production activities income
II.The QPAD deduction cannot exceed 50% of W-2 wages allocated to QPAD activities.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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