QBI deduction(Obj. 2) Ken and Penny,husband and wife, le a joint return in 2022. They own a truck repair center. Their income from the business

QBI deduction(Obj. 2) Ken and Penny,husband and wife, file a joint return in 2022. They own a truck repair center. Their income from the business was $480,000 after subtracting all deductions attributable to the business. They had taxable interest income of $55,000 and itemized deductions of $36,000. The business paid W-2 wages of $124,000 during the year and owned qualified property with UBIA of $1,750,000 at the end of the year a. Determine whether or not the limits bases on W-2wages and qualified property apply,based on the level of taxable income b. Determine the limit based solely on W-2 wages paid c. Determine the limit based on W-2 wages paid and qualified property d. Compute the QBI deduction