Layla has $200,000 of QBI from her neighborhood clothing store (a sole proprietorship). Her proprietorship...
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Accounting
Layla has $200,000 of QBI from her neighborhood clothing store (a sole proprietorship). Her proprietorship paid $30,000 in W-2 wages and has $20,000 of qualified property. Laylas spouse earned $50,000 of wages as an employee, and the couple earned $20,000 of interest income during the year. They will be filing jointly and take the standard deduction of $25,900.What is their QBI deduction for 2022?
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| a. | $-0-. |
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| b. | $40,000. |
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| c. | $48,820. |
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| d. | $54,000. |
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