Xavier, who is single, owns and operating a clothing store.  He operates the retail establishment as a sole proprietorship.  He has one full-time employee whom he pays $90,000.  He owns the building where the shop is located, having purchased it five years ago for $700,000.  After taking five years of depreciation, the property's basis is $610,000.  The shop's net business income for the year is $650,000.  Xavier's taxable income before the qualified business income (QBI) deduction is $510,000.

 

Calculate Xavier's qualified business income (QBI) deduction for the current year.