Assume the same facts as in Problem 33, except that Kyra’s business pays $60,000 of W–2 wages and generates $200,000 of qualified business income. Kyra also has a part-time job earning wages of $11,200 and receives $3,350 of interest income. What is Kyra’s QBI deduction?

Data from Exercises 33

Kyra, a single taxpayer, owns and operates a bakery (as a sole proprietorship). The business is not a “specified services” business. In 2021, the business pays $100,000 in W–2 wages, has $150,000 of qualified property, and generates $350,000 of qualified business income. Kyra has no other items of income, deduction, or loss and will take the standard deduction. What is Kyra’s qualified business income deduction?