Maffi1783 Maffi1783

28-04-2020
Business

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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 records net income of $272,000 after deducting Robert's $81,600 salary. In addition to his compensation, ABC pays Robert dividends of $190,400. a. What is Robert's qualified business income

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tanseershar tanseershar

30-04-2020

Answer:

$272,000

Explanation:

The qualified business income of Robert is $272,000 as the Robert salary of $81,600 is already deducted from the net income .

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