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Jon and Marybeth are married and file a joint return. John is a doctor who reports his income from his sole proprietorship. The qualified business

Jon and Marybeth are married and file a joint return. John is a doctor who reports his income from his sole proprietorship. The qualified business income from the business is $350,000, and he pays wages of $75,000 to his assistants. The business has an unadjusted basis in the assets of $125,000. Marybeth works in HR for a local company. Jon and Marybeth's taxable income before QBI as well as their MTI is $419,200. Calculate their QBI Deduction for the year.
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