2)Thad, a single taxpayer, has taxable income before the QBI deduction of $182,000. Thad, a CPA, operates an accounting practice as a single member LLC (which he reports as a sole proprietorship). During 2019, his proprietorship generates qualified business income of $145,600, W2 wages of $109,200, and $13,600 of qualified property.

Assume the QBI amount is net of the self-employment tax deduction. If required, round any division to two decimal places. Round your final answer to the nearest dollar.

What is Thad's qualified business income deduction?

3)

Jason and Paula are married. They file a joint return for 2019 on which they report taxable income before the QBI deduction of $219,500. Jason operates a sole proprietorship, and Paula is a partner in the PQRS Partnership. Both are a qualified trade or business, and neither is a "specified services" business. Jason's sole proprietorship generates $174,400 of qualified business income and W2 wages of $38,000 and has qualified property of $16,000. Paula's partnership reports a loss for the year, and her allocable share of the loss is $32,300. The partnership reports no W2 wages, and Paula's share of the partnership's qualified property is $14,400.

Assume the QBI amount is net of the self-employment tax deduction.

What is their QBI deduction for the year?

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