Rachel (single) 100% owns and operates Flair LLC (filed as an S corporation). This year, Rachel's qualified business income after all applicable deductions was $300,000. Assume that Rachel pays $50,000 of W-2 wages to her employees and she has $20,000 of property (unadjusted basis of equipment she purchased last year). Her overall taxable income before the deduction for qualified business income is $330,000 Assume Flair LLC is an accounting practice. What is Rachel's qualified business income deduction? $60,000 Assume instead that Flair LLC sells clothing for cheer and pom teams. What is Rachel's qualified business income deduction? S