for Problems 8 and 9: Callahan (single) is a 50 percent shareholder in Otto Corporation (an S Corporation). Callahan receives a $185,000 salary working full time for Otto Corporation. Otto Corporation reported $170,000 of taxable business income for the year (2023). Before considering his business income allocation from Otto and the self-employment tax deduction (if any), Callahan's adjusted gross income is $185,000 (all salary from Otto Corporation). Callahan claims $60,000 in itemized deductions