In 2020, Henry Jones worked as a freelance driver, finding customers using various platforms like Uber and Grubhub. He is single and has no other sources of income. Henry's qualified business income from driving is $92,400. Assume Henry takes the standard deduction. NOTE (know this for the exam): When calculating QBI, you subtract 12 of Self-Employment (SE) tax. In this problem, assume SE tax is $13,056. Thus, QBI is calculated as follows: Income before deducting / SE tax - 12 SE tax = QBI. OR $98,928 $6,528 = $92,400 (Thus $92,400 is QBI for this problem, this is the number you will use to calculate QBID a. Compute Henry's QBI deduction and his tax liability