1. Kelsey owns a floral shop as a single-member LLC. She is a single cash basis, calendar-year taxpayer. For the year, she had the following information:

   Ordinary income from LLC $200,000

   Taxable income $180,000

   Modified taxable income $178,000

   W-2 wages paid to employees $45,000

   Qualified property basis $15,000

   SE tax deduction $21,290

   IRA contributions $4,000

   What is her QBI deduction?

   		$4,423
   		$31,319