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Sidney is self-employed as a blogger. He will use the single filing status, and he...

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Accounting

Sidney is self-employed as a blogger. He will use the single filing status, and he has net business income of $27,000. The deductible part of his self-employment tax is $1908. This was the only adjustment to his income. His taxable income, without regard to any amount he may be eligible to deduct for the qualified business income (QBI) deduction, is $12,000. He did not have any employees nor any assets or property to depreciate. Sydney is eligible to receive a QBI deduction of ___________ A. $0. B. $2,400. C. $5018. D. $5,400

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