! Required information Problem 7-43 (LO 7-3) (Static) Felipe, a single taxpayer, is a technology consultant, who operates as a sole proprietorship. Felipes net business income is $600,000 (net of the associated for AGI self-employment tax deduction), he pays wages of $100,000 to his employees, and he has $200,000 of qualified property (unadjusted basis). Felipe's taxable income before the deduction for qualified business income is $500,000. Assume he has no capital gains or qualified dividends. Problem 7-43 Part a (Static) Calculate Felipe's deduction for qualified business income. Deduction for qualified business income