15-38 (LO. 3, 4) Elliot and Conrad (a two-member LLC) operated a consulting firm (a "specified services" business). The business is equally owned and the two are not related. In 2022 , the business generates qualified business income of $280,000, pays W-2 wages of $170,000, and has qualified business property of $140,000. Elliot's wife, Julie, is an attorney who works for a local law firm and receives wages of $90,000. They have no other items of income, deduction, or loss, will file jointly, and use the standard deduction of $25,900. Conrad's wife, Rachel, earned wages during the year of $365,000, and Conrad and Rachel have itemized deductions of $62,000 and will file a joint return. If amount is zero