(LO5) Kate, a single taxpayer, owns and operates an ice cream shop. She does not have any...

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(LO5) Kate, a single taxpayer, owns and operates an ice cream shop. She does not have any employees and reported qualified business income of \(\( \$ \) 125,000\) through a sole proprietorship in 2023 . Kate has AGI of \(\( \$ \) 155,000\), including \(\( \$ \) 20,000\) of net capital gain, and no itemized deductions, and she claimed the standard deduction of \(\( \$ \) 13,850\) on her 2023 Form 1040. Her modified taxable income is \(\( \$ \) 121,150\) \((\( \$ \) 155,000-\( \$ \) 13,850-\( \$ \) 20,000)\). What is Kate's QBI deduction?

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