4. Ruth and Jim (MFJ) have collective income of $150,000. Jim's W2 shows $60,000 (and federal tax
withheld of $10,000), and Ruth's clothing store shows $90,000 income. Ruth has not paid any Estimated Taxes.
a. What is their taxable income?
b. What is the tax amount for this couple?
Tip: Don't forget to calculate 20% QBI
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