Mason $($single$)$ is a $50$ percent shareholder in Angels Corporation $($an S Corporation$).$ Mason receives a $$190,000$ salary working full time for Angels Corporation. Angels Corporation reported $$440,000$ of taxable business income for the year $(2023).$ Before considering his business income allocation from Angels and the self$-$employment tax deduction $($if any$),$ Mason's adjusted gross income is $$190,000($all salary from Angels Corporation$).$ Mason claims $$70,000$ in itemized deductions. Answer the following questions for Mason.

Note: Leave no answer blank. Enter zero if applicable.

c$.$ Assume the same facts as question $($b$),$ except that Angels Corporation reported $$190,000$ of taxable business income for the year. What is Mason's deduction for qualified business income? Ignore the wage$-$based limitation when computing the deduction.

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Required information

$[$The following information applies to the questions displayed below.$]$

Mason $($single$)$ is a $50$ percent shareholder in Angels Corporation $($an

S Corporation$).$ Mason receives a $$190,000$ salary working full time

for Angels Corporation. Angels Corporation reported $$440,000$ of

taxable business income for the year $(2023).$ Before considering his

business income allocation from Angels and the self$-$employment tax

deduction $($if any$),$ Mason's adjusted gross income is $$190,000($all

salary from Angels Corporation$).$ Mason claims $$70,000$ in itemized

deductions. Answer the following questions for Mason.

Note: Leave no answer blank. Enter zero if applicable.

c$.$ Assume the same facts as question $($b$),$ except that Angels Corporation reported

$$190,000$ of taxable business income for the year. What is Mason's deduction for

qualified business income? Ignore the wage$-$based limitation when computing the

deduction. Required information

$[$The following information applies to the questions displayed below.$]$

Mason $($single$)$ is a $50$ percent shareholder in Angels Corporation $($an

S Corporation$).$ Mason receives a $$190,000$ salary working full time

for Angels Corporation. Angels Corporation reported $$440,000$ of

taxable business income for the year $(2023).$ Before considering his

business income allocation from Angels and the self$-$employment tax

deduction $($if any$),$ Mason's adjusted gross income is $$190,000($all

salary from Angels Corporation$).$ Mason claims $$70,000$ in itemized

deductions. Answer the following questions for Mason.

Note: Leave no answer blank. Enter zero if applicable.

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 wage$-$based limitation when computing the deduction.

Answer is complete and correct.