The taxpayer is a self-employed contractor who builds residences and gross income of 2.2 million. The net income attributed to the business was $450,000. Additionally, this taxpayer has a team of 10 full-time employees, as well as contractors who perform the design and buikd projects. The business has $150,000 of wages for the tax year, and the taxpayer is organized as a single-member LLC and has filed as Married Jointly. Is the following statement regarding Qualified Business income (QBI) relevant to this situation? Wages may be a limiting factor when computing QBI. Any equipment the taxpayer may purchase would never impact the QBI deduction. If the taxpayer changes to a C corporation, he or she will not be entitled to any QBI deduction