43- Adam transfers cash of $300,000 and land worth $200,000 to Camel Corporation for 100% of the stock in Camel. In the first year of operation, Camel has net taxable income of $70,000. If Camel distributes $50,000 to Adam:

a.Camel Corporation has a tax deduction of $50,000.

b.Adam has no taxable income from the distribution.

c.Adam has taxable income of $50,000.

d.Camel Corporation reduces its basis in the land to $150,000.

44- Matthew and Julia are married and will file a joint tax return. Julia owns a hair salon which she operates as a sole proprietorship that generates qualified business income of $300,000. The proprietorship pays W2 wages of $40,000 and holds property with an unadjusted basis of $10,000. Matthew is employed by a local automotive supplier. Their taxable income before the QBI deduction is $389,800 (this is also their modified taxable income). What is their QBI Deduction?

Answer:........................?