Ben and Molly are married and will file jointly. Ben generates $300,000 of qualified business income from his single-member LLC (a law firm). He reports his business as a sole proprietorship. Woges paid by the law firm amount to $40,000; the law firm has no significant property. Molly is employed as a tax manager by a local CPA firm. Their modified taxable income is $400,100 (this is also their taxable income before the deduction for qualified business income). Determine their allowable QBi deduction for 2022. x With the reduction in the corporate income tax rate to 21 percent in 2018 , Congress needed to provide a means of reducing the taxes on businesses that operate in different business forms. Congress accomplished this with the creation of the deduction for qualified business income (\$ 199A). Qualified business income (QB1) is defined as the ordinary income less ordinary deductions a taxpayer earns from a "qualified trade or business' conducted in the United States by the taxparer