Which of the following statements is true regarding taxpayers with taxable income below the taxable income limitations for the qualifying business income (QBI) deduction?
a. QBI deduction is only allowed if a qualified trade or business (QTB).
b. QBI deduction is a phased-out deduction if a specified service trade or business (SSTB).
c. QBI deduction is limited to 50 percent of W–2 wages.
d. A qualified trade or business (QTB) and specified trade or business (SSTB) are treated the same.