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Samantha who files single is an architect who practices as a sole proprietor. In 2018,...

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Accounting

Samantha who files single is an architect who practices as a sole proprietor. In 2018, Samantha had net business income of $540,000 from her business. Assume that Samantha pays $150,000 wages to her employees, she has $25,000 of property (unadjusted basis of equipment she purchased last year), has no capital gains, and her taxable income before the deduction for qualified business income is $430,000. Calculate Samantha's deduction for qualified business income.

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