this question wokth 100 points

bob and sarah own the following :

1. bob is an attorney who reports as a single member llc taxed as a sole

proprietorship

1. sarah and bob also own 2 rental properties which they manage and meet the rental real estate safe harbor rules.
2. sarah owns a small boutique clothing store which is operated as an llc and taxed a s sole proprietorship,

bob's law firm generates the following:

• w-2 wages $100,000
• qualified business income (qbi) $250,000

qualified property $50,000

the rental properties generate net rental income of $90,000, pay out no wages, and have qualified property of $400,000.

sarah's business generates the following:

1. qualified businees income (qbi) $65,000
2. no wages
3. no qualified property

required:

what is the maximum qbi deduction they can claim if their agi is $385,000

and they take the standard deduction of $25,100.

note: please show all calculations