Susan, a single taxpayer, owns and operates a bakery as a sole proprietorship. The business is not a specified services business. In 2018, the busiriess pays $60,000 of W-2 wages and reports net income of $200,000 (all of which is qualified business income). Susan also has a part-time job earning wages of $11,000 and receives $3,000 of interest income. What is Susan's tentative Q8I based on the W-2 Wages/Capital Investment Limit? Determine Susan's allowable QBI deduction 31,100 Foodback Check My Work With the reduction in the corporate income tax rate to 21 percent in 2018, Congress needed to provide a means of reducing the taxes on businesses that operate in different business forms. Congress accomplished this with the creation of the deduction for qualified business income ( 199A), Qualified business income (QBI) is defined as the ordinary income less ordinary deductions a taxpayer earns from a qualified trade or business" conducted in the United States by the taxpayer