You are working on your CPA firm$$s tax publications and you have been asked to calculate the small business deduction and then explain how it works.$(1)$ What is the purpose behind the small business deduction?$(2)$ Does this deduction result in savings or a deferral? Explain$(3)$ The purpose behind each of the components of the calculation.$(4)$ The purpose behind the associated company rules.$(5)$ If income is over the annual business limit should the company declare a bonus to reduce the income back down to the annual business limit$?$Use the following assumptions: