Ravi Wadhwa is a CPA and operates his own accounting firm (Wadhwa CPA, LLC).  As a single-member LLC, he reports his income from the firm as arising from a sole proprieotrship.  In 2023, Ravi has QBI from his firm of $1,080,000, reports W-2 wages of $312,000, and the unadjusted basis of property used in the LLC is $850,000.   Ravi is married and will file a joint tax return with his spouse.  Their taxable income before the QBI deduction is $950,000, and their modified taxable income is $896,000.  What is Ravi's QBI deduction for 2023?

 

	a.	$156,000
	b.	$99,250
	c.	$179,200
	d.	$0
	e.	None of the choices presented are correct.