Joe is a 25% partner in JS Partnership, which operates a qualified trade or business for purposes of the qualified business income deduction. Joes distributive (allocated) share of JSs ordinary income this year is $60,000. His distributive (allocated) share of long-term capital gains is $10,000. He also received a guaranteed payment for services of $25,000 and a cash distribution of $5,000 from JS this year. IF Joes modified taxable income ofr purposes of the qualified business income deduction is $100,000, his qualifies business income deduction this year is:

A. $37,000

B. $14,000

C. $13,000

D. $12,000

E. None of the above