answer a, b, c, d
Mason (single) is a 50 percent shareholder in Angels Corporation (an S Corporation). Mason receives a $180,500 salary working full time for Angels Corporation. Angels Corporation reported $402,000 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 $180,500 (all salary from Angels Corporation). Mason claims $51,000 in itemized deductions. Answer the following questions for Mason, Note: Leave no answer blank. Enter zero if applicable. Problem 15-46 Part a (Algo) a. What is Mason's self-employment tax liability? Mason (single) is a 50 percent shareholder in Angels Corporation (an S Corporation). Mason receives a $180,500 salary working full time for Angels Corporation. Angels Corporation reported $402,000 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 $180,500 (all salary from Angels Corporation). Mason claims $51,000 in itemized deductions. Answer the following questions for Mason: Note: Leave no answer blank. Enter zero if applicable. roblem 15-46 Part b (Algo) Assuming the business income allocated to Mason is income from a specified service trade or business, what is Mason's feduction for qualified business income? Ignore the wage-based limitation when computing the deduction Mason (single) is a 50 percent shareholder in Angels Corporation (an S Corporation). Mason receives a $180,500 salary working full time for Angels Corporation. Angels Corporation reported $402,000 of taxable business income for the year (2022). Before considering his business income allocation from Angels and the selfemployment tax deduction (if any). Mason's adjusted gross income is $180,500 (ail salary from Angels Corporation). Mason claims $51,000 in itemized deductions. Answer the following questions for Mason. Note: Leave no answer blank. Enter zero if applicable. roblem 15-46 Part c (Algo) 2. Assume the same facts as question (b). except that Angels Corporation reported $152,000 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. [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 $180,500 salary working full time for Angels Corporation. Angels Corporation reported $402,000 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 $180,500 (all salary from Angels Corporation). Mason claims $51,000 in itemized deductions. Answer the following questions for Mason. Note: Leave no answer blank. Enter zero if applicable. oblem 15-46 Part d (Algo) Assuming the original facts, what is Mason's net investment income tax llability (assume no investment expens
