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Problem 9 - 4 2 ( LO . 6 ) Scott and Laura are married and will file a joint tax return. Scott has a

Problem 9-42(LO.6)
Scott and Laura are married and will file a joint tax return. Scott has a sole proprietorship (not a "specified services" business) that
generates qualified business income of $300,000. The proprietorship pays W-2 wages of $40,000 and holds qualified property with an
unadjusted basis of $10,000. Laura is employed by a local school district. Their taxable income before the QBI deduction is $424,200(this
is also their modified taxable income).
a. Determine Scott and Laura's QBI deduction, taxable income, and tax liability for 2023.
b. After providing you with the original information in the problem, Scott finds out that he will be receiving a $6,000 bonus in December
2023(increasing their taxable income before the QBI deduction by this amount). Redetermine Scott and Laura's QBI deduction, taxable
income, and tax liability for 2023.
c. What is the marginal tax rate on Scott's bonus? Enter the percent to one decimal place.
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