1. Ravi Wadhwa is a CPA and operates his own accounting firm (Wadhwa CPA, LLC). As a single-member LLC, he reports his income from the firm as arising from a sole proprieotrship. In 2023, Ravi has QBI from his firm of $1,080,000, reports W-2 wages of $312,000, and the unadjusted basis of property used in the LLC is $850,000. Ravi is married and will file a joint tax return with his spouse. Their taxable income before the QBI deduction is $950,000, and their modified taxable income is $896,000. What is Ravi's QBI deduction for 2023? a. $156,000 b. $99,250 c. $0 d. $179,200 e. None of the choices presented are correct.