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Mason ( single ) is a 5 0 percent shareholder in Angels Corporation ( an S Corporation ) . Mason receives a $ 1 9
Mason single is a percent shareholder in Angels Corporation an S Corporation Mason receives a $ salary working full time for Angels Corporation. Angels Corporation reported $ of taxable business income for the year Before considering his business income allocation from Angels and the selfemployment tax deduction if any Mason's adjusted gross income is $all salary from Angels Corporation Mason claims $ in itemized deductions.
Answer the following questions for Masb. 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 wagebased limitation when computing the deduction.
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