Homework Answers
The QBI Deduction applies to Qualified Business Income.
If the total Income , i.e business income & other income is at or below $160,700 for single filers or $321,400 for joint filers in 2019, then probably the person qualifies for 20% deduction on his Taxable Business Income.
In the given question Meghann is having some Qualified Business Income & hence QBI Deduction applies on him.
Also his Total income is less than the threshold of $160,700, he is eligible for 20% QBI Deduction on his Taxable Business Income of $78,000.
QBI Deduction = $78000*20% = $15,600.
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