Felicia, Who Is Single, Operates Three Sole Proprietorships That Generate

Essay

Felicia, who is single, operates three sole proprietorships that generate the following information in 2019 (none is a
"specified services" businesses): $$\begin{array} { | c | c | c | c | } \hline \text { Business } & \text { QBI } & \text { W-2 Wages } & \text { Capital Investment } \\\hline \text { A } & \$ 240,000 & \$ 72,000 & \$ - 0 - \\\hline \text { B } & \$ ( 108,000 ) & \$ 48,000 & \$ - 0 - \\\hline \text { C } & \$ 120,000 & \$ - 0 - & \$ - 0 - \\\hline\end{array}$$ Felcia chooses not to aggregate the businesses. She also earns $150,000 of wages from an unrelated business and modified taxable income (before any QBI deduction) is $304,000.
a. What is Felicia's QBI deduction?
b. Assume that Felicia can aggregate these businesses. Determine her QBI deduction if she decides to aggreg the businesses.