Susan, a single taxpayer, owns and operates a bakery (as a sole
proprietorship). The business is not a specified services business.
In 2020, the business pays $60,000 in W-2 wages, has $150,000 of
qualified property, and $200,000 in net income (all of which is
qualified business income). Susan also has a part-time job earning
wages of $13,600, receives $3,400 of interest income, and will take
the standard deduction. What is Susan’s qualified business income
deduction?