Ginger Is a Self-Employed Driver Finding Rides Via a Few

question 11

True/False

Ginger is a self-employed driver finding rides via a few different platform companies such as Lyft. She is single and claims the $12,000 standard deduction. For 2018, Ginger's income from driving is $67,000 and she has no other income. Ginger's QBI deduction for 2018 is $13,400.

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Definitions:

Loss-leader Pricing

A marketing strategy where a product is sold at a loss to attract customers in the hope they will make additional purchases.

Customary Price

The expected or typical price range for a product or service within a particular market or industry, based on tradition or standard practice.

Nationally Branded

Products or services that are marketed under a manufacturer's brand name and widely recognized across a country.

Price Premium

An additional amount that consumers are willing to pay for a product or service perceived to have a higher value compared to its competitors.