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 $3,000 of interest income, and will take
the standard deduction of $12,000. What is Susan’s qualified
business income deduction?
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