Morris owns an accounting firm operated as a sole proprietorship. He is married and will file a joint tax return with his spouse, Donna. His sole proprietorship reports $280,000 of qualified business income, W-2 wages of $140,000, and assets with an unadjusted basis of $60,000. The couple's taxable income before the QBI deduction is $250,000 (this is also their modified taxable income). Determine their QBI deduction for 2021 O a $56,000 b. $50,000 c. $70,000 d. $36,500. e. None of the above. QUESTION 42 Sawnie, a single taxpayer, has $400,000 of profits from her health food store, which she operates as a sole proprietorship. She has no employees, $50,000 of qualified property, and $500,000 of taxable income before the deduction for qualified business income. How much is Sawrie's deduction for qualified business income? a $20,000 b. $100,000 c $80,000 d. $1,250 e. None of the above QUESTION 43 Jay, who is single, is employed as a engineer at a large engineering firm. His salary for the current year is $150,000. His taxable income for the current year (after deductions) is $120,000. Jay's QBI deduction for the current year is: a. Zero 6. $30,000 $24.000