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Jennifer, who is single, is a partner in an accounting partnership with one other owner. Jennifer’s...

Jennifer, who is single, is a partner in an accounting partnership with one other owner. Jennifer’s share of partnership income is $70,000 and her total taxable income (excluding the QBI deduction) is $280,000, placing her in the 35% marginal rate bracket. What is Jennifer’s net tax rate on the partnership income factoring in the Section 199A qualified business income deduction?

a. 7%.

b. 24%.

c. 28%

d. 35%.

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