Mason single is a percent shareholder in Angels Corporation an S Corporation Mason receives a $ salary working full time for Angels Corporation. Angels Corporation reported $ of taxable business income for the year Before considering his business income allocation from Angels and the selfemployment tax deduction if any Mason\'s adjusted gross income is $all salary from Angels Corporation Mason claims $ in itemized deductions. Answer the following questions for Mason.

a What is Mason\'s selfemployment tax liability?

b Assuming the business income allocated to Mason is income from a specified service trade or business, what is Mason\'s deduction for qualified business income? Ignore the wagebased limitation when computing the

deduction. 

 

c Assume the same facts as question b except that Angels Corporation reported $ of taxable business income for the year. What is Mason\'s deduction for qualified business income? Ignore the wagebased limitation when computing the deduction.

d Assuming the original facts, what is Mason\'s net investment income tax liability assume no investment expenses