Complete the following statements below regarding how each can be used in determining the QBI deduction.

a. Modified taxable income is taxable income (after/ before) the deduction for qualified business income, (incresed by any net capital loss/ reduced by any net capital gain) .

b. Qualified Business income (QBI) is defined as the ordinary income less ordinary deductions a taxpayer earns from (any active trade or business/ a qualified trade or business/ any C corporation or business) conducted in the United States by the taxpayer.

c. A qualified trade or business is any trade or business (including/ excluding) providing services as an employee. In addition, a "specified services" trade or business (is/ is not) a qualified trade or business.

d. Indicate whether the following are considered a specified service trade or business:

Services consisting of investing and investment management: (yes/ no)

Performance of services in law: (yes/ no)

Performance of services in accounting: (yes/ no)

Performance of services in the performing arts: (yes/ no)

Operating a retail furniture store: (yes/ no)

Performance of services in athletics: (yes/ no)