Adjusted taxable income is defined as follows for purposes of the business interest limitation:

Multiple Choice

taxable income allocable to the business computed without regard to interest income; interest expense, net operating loss carryovers; and the qualified business income $($QBI$)$ deduction under Section $199$A$.$

$30$ percent of revenue after deducting depreciation and interest expense.

taxable income allocable to debt invested in the business.

interest income after deducting $30$ percent of all deductible expenses.

None of the choices are correct.