$1.$ Mason $($single$)$ is a $50$ percent shareholder in Angels Corporation $($an S Corporation$).$ Mason recieves a $$180,000$ salary working full time for Angels Corporation. Angels Corporation reported $$400,000$ of taxable business income for the year $(2022).$ Before considering his business income alloaction from Angels and self$-$employment tax deduction $($if any$),$ Mason's adjusted gross income is $$180,000($all salary from Angels Corporation$).$ Mason claims $$50,000$ in intemized deductions. Answer the following question. a$)$ Assume that facts are the same except that Angels Corporation reported $$150,000$ of taxable business income for the year. what is Mason's deduction for qualified Business income? ignore wage$-$based limitation when computing the deduction. $2.$ Makenzie is considering conducting her business, Mac$561,$ as either a single$-$member LLC or an S Corporation. Assume he marginal ordinary income tax rate is $37$ percent, her marginal FICA rate on employee compensation is $1\mathrm{.}45$ percent, her marginal self$-$employment tax rate is $2\mathrm{.}9$ percent$($her other self$-$employment income and$/$or salary exceeds the $$147,000$ wage base limit for the $12\mathrm{.}4$ percent Social Security tax portion of the self$-$employment tax$),$ and any employee compensation of self$-$employment income she receives is subject to the $0\mathrm{.}9$ percent additional Medicare tax. Also, assume Mac$561$ generated $$200,000$ of business income before considering the deduction for compensation Mac$561$ pays to Mackenzie and Mackenzie can claim the full qualifed business income deduction on Mac$561\text{'}$s business income allocated to her. Determine Mackenzie's after$-$tax cash flow from the entity's business income and any compensation she receives from the business under the following assumptions. a$)$ Mackenzie conducted Mac$561$ as a single$-$member LLC$.$ b$)$ Mackenzie conducted Mac$561$ as an S Corporation and she received a salary of$$100,000.$ All business income allocated to her is also distributed to her. c$)$ Mackenzie conducted Mac$561$ as an S corporation and she received a salary of $$20,000.$ All business income allocated to her is also distributed to her.