Jennifer is a CPA and a single taxpayer using the standard deduction. In 2021, her CPA practice generates qualified business income of $162,550 and she has no other items of income, deduction, or loss. Jennifers taxable income before the QBI deduction is $150,000 ($162,550 $12,550 standard deduction). Jennifer employs an administrative assistant in her practice and pays him $75,000 in wages. The unad-justed basis of depreciable assets employed in the practice totals $30,000.

a. What is Jennifers qualified business income deduction?

b. Determine Jennifers qualified business income deduction if her CPA practice generates qualified business income of $273,800.