Problem 9-45 (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 $386,600 (this s also their modified taxable income). a. Determine Scott and Laura's QBI deduction, taxable income, and tax liability for 2020. QBI deduction $ 20,000 Taxable income $ 346,600 Tax liability 72,943 . After providing you with the original information in the problem, Scott finds out that he will be receiving a $6,000 bonus in December 2020 (increasing their taxable income before the QBI deduction by this amount). Redetermine Scott and Laura's QBI deduction, taxable income, and tax liability for 2020. QBI deduction $ 20,000 Taxable income $ 352,600 Tax liability $ 74,863 c. What is the marginal tax rate on Scott's bonus? Enter the percent to one decimal place. 21 % Table 1.2020 Tax Brackets and Rates For Single Rate Individuals, Taxable Income Over For Married Individuals Filing Joint Returns, Taxable income Over For Heads of Households, Taxable Income Over 10% $0 $0 $0 12% $9,875 $19,750 $14, 100 22% $40, 125 $80, 250 $53,700 24% $85, 525 $171,050 $85,500 32% $ 163,300 $326,600 $ 163,300 35% $207,350 $414,700 $207,350 37% $518,400 $622,050 $518,400