Problem $15-36($LO$.3,4)$

Jennifer is a CPA and a single taxpayer using the standard deduction. In $2023,$ her CPA practice generates qualified business income of

$$163,850$ and she has no other items of income, deduction, or loss. Jennifer's taxable income before the QBI deduction is $$150,000$

$($ $$163,850-$ $$13,850$ standard deduction$).$ Jennifer employs an administrative assistant in her practice and pays him $$75,000$ in wages.

The unadjusted basis of depreciable assets employed in the practice totals $$30,000.$

If amount is zero, enter $"0".$ Assume the QBI amount is net of the self$-$employment tax deduction.

a$.$ What is Jennifer's qualified business income deduction?

b$.$ Determine Jennifer's qualified business income deduction if her CPA practice generates qualified business income of $$273,800.$