This year Sam purchased 500 shares of Staples common stock for $20 per share. According to his statement at the year-end, the shares (were not sold) were only worth $2 per share. What amount can he deduct as a loss this year?

A. $10,000

B. $3,000

C. $9,000

D. $0

E. $1,000

Doug, a single taxpayer, has $150,000 of profits from his web designing business that he operates as a sole proprietorship. He has no employees, $40,000 of qualified property, and $60,000 of taxable income before the deduction for qualified business income. How much is his deduction for qualified business income (QBI)?

A. $30,000

B. $150,000.

C. $40,000.

D. $10,000.

E. $12,000.