Tercot Partnership Reported $1,000,000 of Business Receipts,$700,000 of Business Deductions,and

Multiple Choice

Tercot Partnership reported $1,000,000 of business receipts,$700,000 of business deductions,and $100,000 of interest income.Terry is a 50% partner in Tercot Partnership.On Terry's return,she will be entitled to a deduction for qualified business income of

A) $60,000.
B) $80,000.
C) $40,000.
D) $30,000.