Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a sole proprietor may be eligible for? a deduction

A sole proprietor may be eligible for? A deduction of up to 20% of gross...

70.2K

Verified Solution

Question

Accounting

A sole proprietor may be eligible for?

A deduction of up to 20% of gross income from all sources

A deduction of up to 20% of qualified business income

A more favorable tax rate of 0%, 15%, or 20% on net profit from the business

A flat corporate tax rate of 21% on the net profit from the business

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Arrange these biological molecules (nucleic acid, cellulose, unsaturated fatty acid, saturated fatty acid) in order from...

Biology
Q

what is the difference between chemistry and chemical engineering ?? is it both are same ?? howmuch syllabus...

Chemistry
Q

What is KVL? Give an example of the application of KVL. In your example, please include...

Electrical Engineering
Q

Using only the rules of SD, derive the following rules of SD+: a) Disjunctive Syllogism (one case)...

Advance Math
Q

Exercise 1.8 Your long distance phone service has a base monthly charge and a per-minute charge. When...

Advance Math
Q

9 At what depth below the surface of the earth the acceleration due to gravity...

Physics
Q

Two particles are projected simultaneously with different speed from same point in a plane as...

Physics
Q

This question has several parts that must be completed sequentially. If you skip a part...

Calculus
Q

Billings Company is a decentralized wholesaler with five autonomous divisions. The divisions are evaluated on...

Accounting
Q

9. Define the Balanced Scorecard and the four sections. The Balanced Scorecard was developed to...

Accounting
Q

Four Square Services Corporation estimates that its 2021 taxable income will be $1,000,000. Thus, it...

Accounting
Q

Ramada Company produces one golf cart model. A partially complete table of company costs follows:...

Accounting