14. Michelle is a 50% shareholder in an Scorporation. In the current year, she is reporting $20,000 of salary, $1,000 of interest income, $40,000 of qualified business income from the S corporation and $15,000 of long-term capital gain. Michelle's taxable income before the qualified business income deduction is $50,000. Michelle will be allowed a QBI deduction of A) $7,000. B) $8,000. C) $10,000. D) $15,200