Question: Exercise 1517 (Algorithmic) (10.3,4) Robert is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business. During

Exercise 1517 (Algorithmic) (10.3,4) 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 has net income of $306,500 after deducting Robert's $91,950 salary. In addition to his compensation, ABC pays Robert dividends of $214,550. 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 $181,950

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