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xercise $15-20($Algorithmic$)($L$0.3,4)$

ason and Paula are married. They file a joint return for $2022$ on which they report taxable income before the QBI deduction of $$232,000.$ Jason operates a sole proprietorship, and Paula is a partner in the PQRS Partnership. Both are a qualified trade or business, and neither is a 'specified services" business. Jason's sole proprietorship generates $$160,000$ of qualified business income and $W-2$ wages of $$35,200$ and has qualified property of $$20,500.$ Paula's partnership reports a loss for the year, and her allocable share of the loss is $$25,300.$ The partnership reports no W$-2$ wagers, and Paula's share of the partnership's qualified property is $$10,400.$

Assume the QBI amount is net of the self$-$employment tax deduction.

What is their QBI deduction for the year?N