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Required information Problem 15-46 (LO 15-3) (Algo) The following information applies to the questions displayed below] Mason (single) is a 50 percent shareholder in Angels

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Required information Problem 15-46 (LO 15-3) (Algo) 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 $183.000 salary working full time for Angels Corporation. Angels Corporotion reported $412,000 of taxable business income for the year (2023). Before considering his business income allocation from Angels and the self-employment tax deduction (ff any). Mason's adjusted gross income is $183,000 (all salary from Angels Corporation). Mason claims $56,000 in itemized deductions. Answer the following questions for Masion. Note: Leave no answer blank. Enter zero if applicable. Problem 15.46 Part c (Algo) =. Assume the same facts as question (b), except that Angels Corporation reported $162,000 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. Required information Problem 15.46 (LO 15-3) (Algo) [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 $183,000 salary working full time for Angels Corporation. Angels Corporation reported $412,000 of taxable business income for the year (2023) Before considering his business income allocation from Angels and the self-employment tax deduction of any). Mason's adjusted gross income is $183,000 (all salary from Angels Corporation). Mason claims $56,000 in itemized deductions. Answer the following questions for Mason. Note: Leave no answer blank. Enter zero if applicable. Problem 15.46 Part b (Algo) b. 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 wage-based limitation when computing the deduction. Required information Problem 15.46 (LO 15-3) (Algo) [The following information applies to the questions displayed below] Mason (single) is a 50 percent shareholder in Angets Corporation (an S Corporation). Mason receives a $183,000 salary working full time for Angels Corporation. Angels Corporation reported $412,000 of taxable business incorne for the year (2023) Before considering his business income allocation from Angels and the self-employment tax deduction (if any). Mason's adjusted gross income is $183,000 (all salary from Angels Corporation). Mason claims $56,000 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? Required information Problem 15.46 (LO 15.3) (Algo) [The following information applies to the questions displayed below] Mason (single) is a 50 percent shareholder in Angels Corporation (an S Corporation). Mason recelves a $183.000 salary working fuli time for Angels Corporation. Angels Corporation reported $412,000 of taxable business income for the year (2023) Before considering his business income allocation from Angels and the self-employment tax deduction (if any). Mason's adjusted gross income is $183,000 (all salary from Angels Corporation). Mason claims $56,000 in itemized deductions. Answer the following questions for Mason. Note: Leave no answer blank. Enter zero if applicable. Problem 15-46 Part d (Algo) d. Assuming the original facts, what is Moson's net investment income tax liability (assume no investment expenses)

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