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All of the following statements about the QBI deduction are correct EXCEPT: The QBI...

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Accounting

All of the following statements about the QBI deduction are correct EXCEPT:

The QBI deduction will not reduce AGI.

The QBI deduction will allow pass-through entities to pay the same tax rate as C corporations.

The QBI deduction will not reduce self-employment tax.

The QBI deduction will reduce the amount of income subject to tax.

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