Ellie (A Single Taxpayer) Is the Owner of ABC, LLC

question 16

Multiple Choice

Ellie (a single taxpayer) is the owner of ABC, LLC.The LLC (a sole proprietorship) reports QBI of $900,000 and is no services" business.ABC paid total W-2 wages of $300,000, and the total unadjusted basis of property held by ABC is $ taxable income before the QBI deduction is $740,000 (this is also her modified taxable income) .What is Ellie's QBI de 2018?

• A) $75,750.
• B) $148,000.
• C) $150,000.
• D) $180,000.
• E) None of the above.

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Definitions:

Member Operator

This usually refers to operators that access elements or functions within structured data types, like the dot (.) operator in C++ used for object members.

Structure Pointer Operator

An operator used in programming languages like C to access members of a structure through a pointer.

Linked List of Structures

A linked list of structures is a data structure where each element is a structure and elements are connected using pointers, allowing dynamic memory management.

Addresses

Refers to specific locations in computer memory, each uniquely identifying a byte, that data and instructions reside in.