Could someone help me with 16? Thank you!!

PART 1 Iintroduction C A CPA operating as an LIC taxed as a has taxable income of $150,000 d. Same as part (c) except the e. A real estate salesperson E A pet sitter/dog walker 8. A sole proprietor software developer h. An individual wage eamer w 2018, Hen ho derives $60,000 of rental income from ah she owns conducted in the United States and doesn't also include business from a foreign business activity? 12 LO.24 Why do you think the OBI deduction is limited to earnings from a tational Exercises In 2018, Meghann Carlson, a single taxpayer, has QBI of $110,000 modified taxable income of $78,000 (this is also her taxable income OBI deduction). Given this information, what is Meghann's QBI deduction? and Discus 14. L0.3,4 Charkotte is a partner in, and sales manager for, CD Partners, a domes business that is not a "specified services" business. During the tax year, she receives guaranteed payments of $250,000 from CD Partners for her services to the partnership as its sales manager. In addition, her distributive share of CD Partners ordinary income (its only item of income or loss) was $175,000. What is Charlotte's b. 21 qualified business income en's e Kirst 4 . 03,4 Robert is the sole shareholder and CEO of ABC, Inc, an S corporation that is a qualified trade or business. During the current year, ABC has net income of $325,000 after deducting Robert's $100,000 salary. In addition to his com- pensation, ABC pays Robert dividends of $250,000. a. What is Robert's qualified business income? b. b. Would pensation for someone with Robert's experience and your answer to part (a) change if you determined that reasonable responsibilities is $200,000 o. L0.3,4 Maria and Javier are the equal partners in Marja, a partnership that is a qualifying trade or business. In the current year, Marja had $350,000 of ordinary income after reporting $500,000 in guaranteed payments to Maria and Javier for their services to Marja ($250,000 each). a. What is Maria's and Javier's qualified business income? b. 22. of How would your answer to part (a) change if Marja had $550,000 of ordinary income after reporting $300,000 in guaranteed payments to Maria and Javier ($150,000 each)? LO.3,4 Thad, a single taxpayer, has taxable income before the QBI deduction of $187,500. Thad, a CPA, operates an accounting practice as a single member LLC (which he reports as a sole proprietorship). During 2018, his proprietorship reports net income of $150,000, W-2 wages of $125,000, and $10,000 of qualified property. What is Thad's qualified business income deduction? ason and Paula are married. They file a joint return for 2018 on which they report taxable income before the QBI deduction of $200,000. Jason oper ates a sole proprietorship, and Paula is a partner in the PQRS Partnership. Both are a qualified trade or business, and neither is a "specified services" business. Jason's sole proprietorship reports $150,000 of net income and w-2 wages of $45,000 and