Jimmy is the sole owner of Coral, Inc. and Reef, Inc. For the current year, Coral, a regular C corporation, reported $80,000 in income and paid $20,000 in dividends to Jimmy. Reef, an electing S corporation, reported $30,000 of income and paid $5,000 in dividends to Jimmy. What is Jimmys qualified business income (QBI) deduction?

answer 6,000 but show how to get it