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Rachel is an accountant who practices as a sole proprietor.This year, Rachel had net business income of $200,000 from her practice.Assume that Rachel pays $50,000 wages to her employees, she has $20,000 of property (unadjusted basis of equipment she purchased last year), has no capital gains, and her taxable income before the deduction for qualified business income is $140,000.Calculate Rachel's deduction for qualified business income.
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