QUESTION 15 Pats taxable income exceeds $157,500 and thus he is required to phase out his QBI deduction. The phase-out calculation is: a. The greater of 50% of business wages or 25% of wages plus 2.5% of the unadjusted basis of qualifying property b. 50% of taxable income without the QBI deduction c. The lesser of 50% of business wages or 25% of wages plus 2.5% of the unadjusted basis of qualifying property d. 50% of the amount over $157,500