Question: Help Save & Exit Su Check my w 1 ! 1 of 4 Required information [The following information applies to the questions displayed below) Mason



Help Save & Exit Su Check my w 1 ! 1 of 4 Required information [The following information applies to the questions displayed below) Mason (single) is a 50 percent shareholder in Angels Corp (an S Corporation). Mason receives a $189,000 salary working full time for Angels Corp. Angels Corp reported $436,000 of taxable business income for the year 2020). Before considering his business income allocation from Angels and the self-employment tax deduction (if any). Mason's adjusted gross income is $189,000 (all salary from Angels Corp). Answer the following questions for Mason (Leave no answer blank. Enter zero if applicable.) 0104 apped a. Assuming the income allocated to Mason is qualified business income, what is Mason's deduction for qualified business income? Book Mason's deduction for qualified business income rences 24 b. What is Mason's net investment income tax liability (assume no investment expenses)? Mason's net investment income tax liability es c. What is Mason's self-employment tax liability? Mason's self-employment tax liability d. What is Mason's additional Medicare tax liability? Mason's additional Medicare tax liability
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