Complete the following statements regarding the general rules for the QBI deduction and how is it computed. The QBI deduction is available to noncorporate taxpayers. It applies to the qualified business income generated through a sole proprietorship, a partnership, or an S corporation . In general, the deduction for qualified business income is the lesser of: fill in the blank 4 % of qualified business income, or fill in the blank 5 % of modified taxable income.

1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%