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With regard to the educator expense deduction, which of the following is true? ...

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Accounting

With regard to the educator expense deduction, which of the following is true?

1) A full-time high school teacher who purchases $500 of school supplies for his classroom can take a miscellaneous itemized deduction on Schedule A.
2) A middle school teacher who spends $150 on classroom supplies is entitled to a $150 educator expense deduction above-the-line.
3) A full-time professor at a university can take a $250 above-the-line deduction for education expenses spent on classroom supplies.
4) The educator deduction is an above-the-line deduction capped at $1,000.
5)

Deduction for the educator expense is a below-the-line deduction.

Gabe, who is married, operates a skateboard shop as a sole proprietor. He is the sole employee of the business. His Schedule C net income from the business for the current year is $105,000. Their taxable income before taking the deduction is $125,000, which includes his wife's earnings from her job. What is their Qualified Business Income (QBI) deduction for the year?

1) $21,000.
2) $25,000.
3) None of the above.
4) $0.
5) $104,000.

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