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Question: thad a single taxpayer has taxable income before the qbi...

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Thad, a single taxpayer, has taxable income before the QBI deduction of $188,000. Thad, a CPA, operates an accounting practice as a single member LLC (which he reports as a sole proprietorship). During 2018, his proprietorship reports net income of $150,400, W–2 wages of $112,800, and $12,000 of qualified property.

If required, round any division to two decimal places. Round your final answer to the nearest dollar.

What is Thad's qualified business income deduction?

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