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Mary owns a specified service business. She is married and files a joint return. Her firm has QBI of 400,000. W-2 wages of the business

Mary owns a specified service business. She is married and files a joint return. Her firm has QBI of 400,000. W-2 wages of the business was $100,000 and the total basis of property held in the business was $500,000. Her taxable income before her QBI deduction was $406,600 (which was also her modified taxable income). What is Marys QBI deduction? Assume the same facts with respect to her business but her taxable income and MTI was $550,000. What is Marys qualified business deduction?

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