Raj is a 50% shareholder in an S corporation. In the current year, he is reporting $50,000 of salary, $2,000 of interest income, $20,000 of qualified business income from the S corporation and $10,000 of long-term capital gain. Raj's taxable income before the qualified business income deduction is $65,000. Raj will be allowed a QBI deduction of:.A) $20,000.B) $4,000.C) $11,000.D) $13,00

An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.