Question: Exercise 15-15 (Algorithmic) (LO. 3, 4) Robert is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or

Exercise 15-15 (Algorithmic) (LO. 3, 4) Robert is the sole shareholder

Exercise 15-15 (Algorithmic) (LO. 3, 4) Robert is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business. During the current year, ABC records net income of $252,500 after deducting Robert's $75,750 salary. In addition to his compensation, ABC pays Robert dividends of $176,750. a. What is Robert's qualified business income? b. What is Robert's qualified business income if you determined that reasonable compensation for someone with Robert's experience and responsibilities is $165,750? ... Diaz.zentara Daulana 67

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