Susan, a single taxpayer, owns and operates a bakery (as a sole proprietorship). The business is not a "specified services" business. In 2020, the business pays $100,000 in W2 wages, has $150,000 of qualified property, and generates $150,000 of qualified business income. Susan has no other items of income or loss and will take the standard deduction of $12,400.

Assume the QBI amount is net of the self-employment tax deduction.

What is Susan's QBI deduction?

(The answer is not $50,000)