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Susan, a Single Taxpayer, Owns and Operates a Bakery (As

Question 48

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Susan, a single taxpayer, owns and operates a bakery (as a sole proprietorship). The business is not a specified services business. In 2019, the business pays $60,000 in W-2 wages, has $150,000 of qualified property, and
$200,000 in net income (all of which is qualified business income). Susan also has a part-time job earning wages of
$11,000, receives $3,200 of interest income, and will take the standard deduction. What is Susan's qualified business income deduction?

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Susan's taxable income before the QBI de...

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