Jacqueline, a single taxpayer, has $500,000 of profits from her general store, which she operates as a sole proprietorship. She has no employees, $50,000 of qualified property, and $600,000 of taxable income before the deduction for qualified business income. How much is Jacqueline's deduction for qualified business income? Select one: a. $0. b. $100,000. c. $25,000 d. $120,000. e. $1,250 In 2016. Cecilia borrowed $10,000 to help pay her tuition, from her employer, Dora. In 2020, before she repaid the $10,000, Dora told Ceclia that she was "tearing up" the $10,000 note in recognition of his strong job performance. How should Cecilia treat the amount forgiven? Select one: a. $10,000 taxable income in 2020 b. excludible gift in year of forgiveness c. excludible gift in year of loan d. $10,000 taxable income in 2016