James Jones is the owner of a small retail business operated as a sole proprietorship. During 2019, his business recorded the following items of income and expense:

Revenue from inventory sales	$	147,000
Cost of goods sold		33,500
Business license tax		2,400
Rent on retail space		42,000
Supplies		15,000
Wages paid to employees		22,000
Payroll taxes		1,700
Utilities		3,600

C.

1. Assume that James's business is not a service business, and that it has $155,000 unadjusted basis in tangible depreciable property. Calculate James's 2019 QBI deduction, before any overall taxable income limitation.