Elliot and conrad (a two-member llc) operated a consulting firm (a "specified services" business). the business is equally owned and the two are not related. the business generates net income of $280,000, pays w–2 wages of $170,000, and has qualified business property of $140,000. elliot's wife, julie, is an attorney who works for a local law firm and receives wages of $90,000. they will file a joint tax return and use the standard deduction of $24,000. conrad's wife, jessica, earned wages during the year of $350,000, and conrad and jessica have itemized deductions of $62,000 and will file a joint return.

a. what is elliot's qualified business income deduction?