Please show all calculations. 12. Sneha is a 50% shareholder in an Scorporation. In...
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Please show all calculations.
12. Sneha is a 50% shareholder in an Scorporation. In the current year, she is reporting $15,000 of salary, $1,500 of interest income, $50,000 of qualified business income from the corporation and $10,000 of long-term capital gain. Sneha's taxable income before the qualified business income deduction is $55,000. Sneha will be allowed a QBI deduction of A) $9,000 B) $10,500. C) $11,000 D) $15,300
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