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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 2018, the business pays $100,000 in W2 wages, has $150,000 of qualified property, and has $150,000 in net income (all of which is qualified business income). Susan has no other items of income or loss and will take the standard deduction.

What is Susan's QBI deduction?

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