Sally,a Single Taxpayer, Owns and Operates a Hardware Store as a Sole

question 64

Multiple Choice

Sally,a single taxpayer, owns and operates a hardware store as a sole proprietorship. In 2018, the hardware store has net income of $100,000. Sally also has dividend income of $2,000 from her investments. How much may Sally claim as her Qualified Business Income (QBI) deduction in 2018?

• A)$0
• B)$17,600
• C)$18,000
• D)$20,000
• E)$20,400