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Joe owns a mom and pop grocery store who he only employs close friends and family. What is Joe's QBI Deduction using the information provided

Joe owns a mom and pop grocery store who he only employs close friends and family.

What is Joe's QBI Deduction using the information provided below?

Entity Structure: Sole Proprietor Filing Status: Married Filing Joint Industry:

Manufacturing Taxable Income: $105,000

Modified Taxable Income: $105,000

Qualified Business Income (QBI): $105,000

Wages to Employees: $60,000

Depreciable Assets: $500,000

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