Thad, a single taxpayer, has taxable income before the QBI deduction of $198,500. Thad, a CPA, operates an accounting practice as a single member LLC (which he reports as a sole proprietorship). During 2018, his proprietorship reports net income of $158,800, W2 wages of $119,100, and $9,200 of qualified property.

If required, round any division to two decimal places. Round your final answer to the nearest dollar.

What is Thad's qualified business income deduction?