Question: k 4 Assignment - Exam Review Exercise 2-17 (Algorithmic) (LO. 3, 4) Robert is the sole shareholder and CEO of ABC, Inc., an S corporation

k 4 Assignment - Exam Review Exercise 2-17 (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 has net income of $264,500 after deducting Robert's $79,350 salary. In addition to his compensation, ABC pays Robert dividends of $185,150. a. What is Robert's qualified business income? 246,000 x Feedback Check My Work b. What is Robert's qualified business income if you determined that reasonable compensation for someone with Robert's experience and responsibilities is $169,350? 123,000 X Feedback Check My Work Feedback Check My Work

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