Ben and Molly are married and will file jointly. Ben generates $300,000 of qualified business income from his single member LLC (a law firm). He reports his business as a sole proprietorship. Wages paid by the law firm amount to $40,000; the law firm has no significant property. Molly is employed as a tax manager by a local CPA firm. Their modified taxable income is $381,400 (this is also their taxable income before the deduction for q

Explanation:

Ben and Molly are married and file tax returns jointly. Ben has a single member LLC that generates $300,000 business income and the firm pays wages of $40,000 using the base of $10,000. Because the business income generated is not clearly specified, a tentative QBI on the wages will be applied as W-2. Under such a case, the approved wages limit is 25% of the paid wages by the business plus a 2.5% of the adjusted basis property

The tentative QBI in Ben and Molly's case will be (25%*$40,000) + (2.5%*$10,000) = $10,250

Since the adjusted taxable income for the couple is $381,400, the tentative QBI deduction will be applied to reduce the taxable amount to $371,150.

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the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported