Required information Problem 15.45 (LO 15.3) (Algo) [The following information apples to the questions displayed below] Kiyara (single) is a 50 percent shareholder of Guardian Corporation (an S Corporation). Kiyara does not do any work for Guardian Corporation. Guardian Corporation reported $314,000 of business income for the year (2023). Before considering her business income allocation from Guardian Corporation and the self-employment tax deduction (if any). Kiyara's adjusted gross income was $264,000 (all employee salary). Kiyara has $40,700 in itemized deductions. Answer the following questions for Kiyara. Note: Leave no answer blank. Enter zero if applicable. Problem 15-45 Part a (Algo) a. What is Kiyaro's self-employment tax liability? Required information Problem 15.45 (LO 15-3) (Algo) [The following information applies to the questions displayed below] Kiyara (single) is a 50 percent shareholder of Guardian Corporation (an S Corporation). Kiyara does not do any work for Guardian Corporation. Guardian Corporation reported $314,000 of business income for the year (2023). Before considering her business income allocation from Guardian Corporation and the self-employment tax deduction (ff any). Kiyara's adjusted gross income was $264,000 (all employee salary). Kiyara has $40,700 in itemized deductions. Answer the following questions for Klyara. Note: Leave no answer blank. Enter zero if applicable. Problem 15-45 Part b (Algo) b. Assuming the income allocated to Kiyara is qualified business income, what is Kiyara's deduction for qualified business income? Assume Kiyara's share of wages poid by Guardian Corporation is $53,500 and her share in the unadjusted basis of qualified property used by Guardian was $207,000 Required information Problem 15-45 (LO 15-3) (Algo) [The following information applies to the questions displayed below] Klyara (single) is a 50 percent shareholder of Guardian Corporation (an S Corporation). Kiyara does not do any work for Guardian Corporation. Guardian Corporation reported $314.000 of business income for the year (2023). Before considering her business income allocation from Guardian Corporation and the self-employment tax deduction fif any). Kryara's adjusted gross income was $264,000 (all employee salary). Kiyara has $40,700 in itemized deductions. Answer the following questions for Kiyara. Note: Leave no answer blank. Enter zero if applicable. Problem 15-45 Part c (Algo) c. What is Kiyara's net investment income tax liability (assume no investment expenses)? Required information Problem 15.45 (LO 15-3) (Algo) [The following information applies to the questions displayed below] Kiyara (single) is a 50 percent shareholder of Guardian Corporation (an S Corporation). Kiyara does not do any work for Guardian Corporation. Guardian Corporation reported $314,000 of business income for the year (2023). Before considering her business income allocation from Guardian Corporation and the self-employment tax deduction (ff any). Kiyara's adjusted gross income was $264,000 (all employee salary). Kiyara has $40,700 in itemized deductions. Answer the following questions for Kiyara. Note: Leave no answer blank. Enter zero if applicable. Problem 15.45 Part d (Algo) d. What is Kiyara's additional Medicare tax liability (include all earned income in computing the tax)
