Determine whether the following taxpayers are eligible for the QBI deduction and the deduction amount (if any). Barbara is a single taxpayer and sole proprietor that operates a small chain of hair salons that specialize in obscure hair colors. Her business has no employees since all the stylists operate as independent contractors.

Barbaras business generated business income of $120,000 in 2018. Her taxable income before any QBI deduction is $132,500. Is Barbara eligible for QBI deduction? Answer yes or no

If eligible, how much is the QBI deduction amount?