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Calculate the QBI deduction for Ned, who is filing single. His taxable income before any QBI deduction is $160,600. He is not engaged in an

Calculate the QBI deduction for Ned, who is filing single. His taxable income before any QBI deduction is $160,600. He is not engaged in an SSTB. His QBI is $60,000. He did not have any capital gains. He had $15,000 of qualified wages and $35,000 of qualifying property.

$4,625.

$7,500.

$12,000.

$32,120.

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