3. Samuel, single, owns and operates a single member LLC that manufactures restaurant equipment within the U.S. The business pays W-2 wages of $120,000, has assets used in its LLC that have an unadjusted basis of $800,000, and generates $350,000 of net qualified business income. Samuel has no other items of income or loss and uses the single standard deduction to calculate his taxable income. His QBI deduction is: a. $0. b. $50,000 C $60,000. d. $70,000. e. none of the above. 4. Devonte, single, owns and operates a single member LLC that manufactures lawn equipment within the U.S. The business pays W-2 wages of $180,000, has assets used in its LLC that have an unadjusted basis of $2,000,000, and generates $600,000 of net qualified business income. Samuel has no other items of income or loss and uses the single standard deduction to calculate his taxable income. His QBI deduction is: a. $90,000 b. $95,000 c. $117,560. d. $120,000 e. none of the above