Business, 24.03.2020 20:06 esheagustafson

Raj is a 50% shareholder in an S corporation. In the current year, he is reporting $50,000 of salary, 12)$2,000 of interest income, $20,000 of qualified business income from the S corporation and $10,000of long-term capital gain. Raj's taxable income before the qualified business income deduction is$65,000. Raj will be allowed a QBI deduction of:
A) $20,000.
B) $4,000.
C) $11,000.
D) $13,00

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Raj is a 50% shareholder in an S corporation. In the current year, he is reporting $50,000 of salary...

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