Assume the same facts as in Problem 31, except that Susan’s business reports net income of $150,000 (all of which is qualified business income). What is Susan’s QBI deduction?

Data From Problem 31

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 W-2 wages, holds $150,000 of qualified property, and reports $350,000 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 qualified business income deduction?