Mason ( single ) is a 5 0 percent shareholder in Angels Corporation ( an S Corporation
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Question:
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?
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