$1.$ Required information

Problem $12-45($LO $12-3)($Algo$)$

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$[$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 $$334,000$ of business income for the year $(2022).$ Before considering her business income allocation from Guardian Corporation and the self$-$employment tax deduction $($if any$),$ Kiyara's adjusted gross income was $$284,000($all employee salary$).$ Kiyara has $$41,700$ in itemized deductions. Answer the following questions for Kiyara.

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Problem $12-45$ Part a $($Algo$)$

a$.$ What is Kiyara's self$-$employment tax liability?

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 paid by Guardian Corporation is $$58,500$ and her share in the unadjusted basis of qualified property used by Guardian was $$217,000.$

c$.$ What is Kiyara's net investment income tax liability $($assume no investment expenses$)?$

d$.$ What is Kiyara's additional Medicare tax liability $($include all earned income in computing the tax$)?$