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Susan, a single taxpayer, owns and operates a bakery (as a sole proprietorship). The business...

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Accounting

Susan, a single taxpayer, owns and operates a bakery (as a sole proprietorship). The business is not a "specified services" business. In 2019, the business pays $60,000 of W2 wages and generates $200,000 of qualified business income. Susan also has a part-time job earning wages of $11,000 and receives $3,200 of interest income. Assume the QBI amount is net of the self-employment tax deduction. What is Susan's tentative QBI based on the W2 Wages/Capital Investment Limit? Determine Susan's allowable QBI deduction.

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