Tanuja Singh Is a CPA and Operates Her Own Accounting

Multiple Choice

Tanuja Singh is a CPA and operates her own accounting firm (Singh CPA, LLC) . As a single member LLC, Tanuja reports her accounting firm operations as a sole proprietor. Tanuja has QBI from her accounting firm of $540,000, reports W-2 wages of $156,000, and the unadjusted basis of property used in the LLC is $425,000. Tanuja is married and will file a joint tax return with her spouse. Their taxable income before the QBI deduction is $475,000 and their modified taxable income is $448,000. What is Tanuja's QBI deduction for 2018.

A) $-0-.
B) $49,625.
C) $78,000.
D) $89,600.
E) None of the above.