In 2020, Gloria, a single taxpayer, receives a Schedule K-1 from a partnership she is invested in. The K-1 reports ordinary business income of $30,000, dividend income of $500, tax-exempt interest of $300, and a guaranteed payment to Gloria of $10,000. Gloria’s taxable income before the QBI deduction is $87,000. What is Gloria’s QBI deduction?
a. $16,000
b. $6,000
c. $4,100
d. $17,400
e. $8,000