$2.$ Required information

Problem $12-46($LO $12-3)($Algo$)$

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$[$The following information applies to the questions displayed below.$]$

Mason $($single$)$ is a $50$ percent shareholder in Angels Corporation $($an S Corporation$).$ Mason receives a $$183,500$ salary working full time for Angels Corporation. Angels Corporation reported $$414,000$ of taxable business income for the year $(2022).$ Before considering his business income allocation from Angels and the self$-$employment tax deduction $($if any$),$ Mason's adjusted gross income is $$183,500($all salary from Angels Corporation$).$ Mason claims $$57,000$ in itemized deductions. Answer the following questions for Mason.

Note: Leave no answer blank. Enter zero if applicable.

Problem $12-46$ Part a $($Algo$)$

a$.$ What is Mason's self$-$employment tax liability?

b$.$ Assuming the business income allocated to Mason is income from a specified service trade or business, what is Mason's deduction for qualified business income? Ignore the wage$-$based limitation when computing the deduction.

c$.$ Assume the same facts as question $($b$),$ except that Angels Corporation reported $$164,000$ of taxable business income for the year. What is Mason's deduction for qualified business income? Ignore the wage$-$based limitation when computing the deduction.

d$.$ Assuming the original facts, what is Mason's net investment income tax liability $($assume no investment expenses$)?$