B Question 40 15 pts Miranda and Blake were married in tax year 2020 and will he jointly Blake is employed as a taxinlanage by a local CPA firm. Theirmodied taxable income is $386,600 (this is also their taxable income Before the deduction for qualified business income). 1. Miranda earns $300.000 from her single-member LLC (a law firm). She reports her LLC business on W a Schedule C. Wages paid by the law famount to $40,000: the law firm has no significant property a. Determine their OBI deduction for 2020, which may or may not be limited due to many factors in the scenario, SHOW ALL ITEMS INCOMPUTING THE OBIDEDUCTION. ALL FORMULAS, LABELS, AND CALCULATIONS MUST BE PROVIDED TO RECEIVE FULL POINTS POSSIBLE FOR THIS QUESTION. Edit View Insert Format Tools Table 12pt Paragraph BI U 202 BEL words Question 41 B Question 40 15 pts Miranda and Blake were married in tax year 2020 and will he jointly Blake is employed as a taxinlanage by a local CPA firm. Theirmodied taxable income is $386,600 (this is also their taxable income Before the deduction for qualified business income). 1. Miranda earns $300.000 from her single-member LLC (a law firm). She reports her LLC business on W a Schedule C. Wages paid by the law famount to $40,000: the law firm has no significant property a. Determine their OBI deduction for 2020, which may or may not be limited due to many factors in the scenario, SHOW ALL ITEMS INCOMPUTING THE OBIDEDUCTION. ALL FORMULAS, LABELS, AND CALCULATIONS MUST BE PROVIDED TO RECEIVE FULL POINTS POSSIBLE FOR THIS QUESTION. Edit View Insert Format Tools Table 12pt Paragraph BI U 202 BEL words Question 41