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Problem $12-46($LO $12-3)($Algo$)$

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$[$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 $$191,500$salary working full time for Angels Corporation. Angels Corporation reported $$446,000$of taxable business income for the year. Before considering his business income allocation from Angels and the self$-$employment tax deduction $($if any$),$Mason$\text{'}$s adjusted gross income is $$191,500($all salary from Angels Corporation$).$Mason claims $$73,000$in itemized deductions. Answer the following questions for Mason.

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

Problem $12-46$Part a $($Algo$)$a$.$What is Mason's self$-$employment tax liability?

Problem $12-46$Part b $($Algo$)$

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.

Problem $12-46$Part c $($Algo$)$

c$.$Assume the same facts as question $($b$),$except that Angels Corporation reported $$196,000$of taxable business income for the year. What is Mason's deduction for qualified business income? Ignore the wage$-$based limitation when computing the deduction.

Problem $12-46$Part d $($Algo$)$

d$.$Assuming the original facts, what is Mason's net investment income tax liability $($assume no investment expenses$)?$

Problem $12-46$Part e $($Algo$)$

e$.$Assuming the original facts, what is Mason's additional Medicare tax liability?