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Shelly, a single taxpayer, has $400,000 of profits from her general store, which she operates as a sole proprietorship. She has $100,000 of employee wages,
Shelly, a single taxpayer, has $400,000 of profits from her general store, which she operates as a sole proprietorship. She has $100,000 of employee wages, $40,000 of qualified property, and $500,000 of taxable income before the deduction for qualified business income. How much is Shellys deduction for qualified business income?
| $0 |
| $80,000 |
| $100,000 |
| $50,000 |
| $26,000 |
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