{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-25T07:12:30-04:00", "answer_date": "2024-05-25 07:12:30", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1674884", "url": "\/study-help\/questions\/ch-15-hw-i-3-part-3-of-5-1674884", "question_creation_date_js": "2024-05-25T07:12:30-04:00", "question_creation_date": "May 25, 2024 07:12 AM", "meta_title": "[Solved] Ch 15 HW i 3 ! Part 3 of 5 5 points Saved | SolutionInn", "meta_description": "Answer of - Ch 15 HW i 3 ! Part 3 of 5 5 points Saved Required information [The following information applies to the questions dis | SolutionInn", "meta_keywords": "ch,15,hw,3,part,5,points,saved,required,information,applies,questions", "question_title_h1": " Ch 15 HW i 3 ! Part 3 of 5 5 points Saved Required information [The following information applies to the questions displayed below.]", "question_title": " Ch 15 HW i 3 ! Part 3 of 5 5", "question_title_for_js_snippet": "Ch 15 HW i 3 Part 3 of 5 5 points Saved Required information 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 $180,000 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 allocation from Angels and the self employment tax deduction (if any), Mason's adjusted gross income is $180,000 (all salary from Angels Corporation) Mason claims $50,000 in itemized deductions Answer the following questions for Mason Note Leave no answer blank Enter zero if applicable eBook Print References c Assume the same facts as question (b), except that Angels Corporation reported $150,000 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 Deduction for qualified business income Help Save Exit Submit Check my work", "question_description": "\"image", "transcribed_text": "Ch 15 HW i 3 ! Part 3 of 5 5 points Saved Required information [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 $180,000 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 allocation from Angels and the self-employment tax deduction (if any), Mason's adjusted gross income is $180,000 (all salary from Angels Corporation). Mason claims $50,000 in itemized deductions. Answer the following questions for Mason. Note: Leave no answer blank. Enter zero if applicable. eBook Print References c. Assume the same facts as question (b), except that Angels Corporation reported $150,000 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. Deduction for qualified business income Help Save & Exit Submit Check my work", "related_book": { "title": "Financial Accounting", "isbn": "1133952410, 9781133952411, 978-1133952428", "edition": "12th Edition", "authors": "Warren, Reeve, Duchac", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/114.jpg", "uri": "\/textbooks\/financial-accounting-12th-edition-114", "see_more_uri": "" }, "free_related_book": { "isbn": "0135703913", "uri": "\/textbooks\/college-mathematics-with-technology-for-business-economics-life-and-social-sciences-1st-edition-9780135703915", "name": "College Mathematics With Technology For Business Economics Life And Social Sciences", "edition": "1st Edition" }, "question_posted": "2024-05-25 07:12:30", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/the-qantas-group-includes-a-sustainability-report-in-its-annual", "description": "The Qantas Group includes a sustainability report in its annual report. 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