Chris and Karla are married and will file jointly. Chris earns $300,000 from his CPA firm. He reports his business as a sole proprietorship. Wages paid by the firm amount to $60,000 and the firm has no significant property, Karla is a teacher at the local high school. Their modified taxable income is $399,800 (this is also their taxable income before the deduction for qualified business income). What is their Qet deduction? Answer: Chris and Karla are married and will file jointly. Chris earns $300,000 from his CPA firm. He reports his business as a sole proprietorship. Wages paid by the firm amount to $60,000 and the firm has no significant property, Karla is a teacher at the local high school. Their modified taxable income is $399,800 (this is also their taxable income before the deduction for qualified business income). What is their Qet deduction