Ben and Molly are married and will file jointly. Molly generates $$300,000$ of qualified business

income from her single member LLC $($a law firm$).$ She reports her business as a sole

proprietorship. Wages paid by the law firm amount to $$40,000$; the law firm has no significant

property. Ben is employed as a tax manager by a local CPA firm. Their modified taxable

income is $$424,200($this is also their taxable income before the deduction for qualified

business income$).$

What is their tentative QBI based on the W$-2$ Wages$/$Capital Investment Limit?

$

Determine their allowable QBI deduction for $2023.$