Question: Please use 2022 Tax Rate & step by step solution. Micah (a single taxpayer) is the owner of East Bay LLC. The LLC (which reports

Please use 2022 Tax Rate & step by step solution.

Micah (a single taxpayer) is the owner of East Bay LLC. The LLC (which reports as a sole proprietorship) generates QBI of $900,000 and is not a "specified services" business. East Bay paid total W2 wages of $300,000, and the total unadjusted basis of property held by East Bay is $30,000. Micah's taxable income before the QBI deduction is $740,000 (this is also his modified taxable income).

What is Micah's QBI deduction for 2022?

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