Thad, a single taxpayer, has taxable income before the QBI deduction of $192,500. Thad, a CPA, operates an accounting practice as a single member LLC (which he reports as a sole proprietorship). During 2020, his proprietorship generates qualified business income of $154,000, W2 wages of $115,500, and $8,400 of qualified property.

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