Question: ! Required information Problem 1 5 - 4 6 ( LO 1 5 - 3 ) ( Algo ) [ The following information applies to

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Required information
Problem 15-46(LO 15-3)(Algo)
[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 $184,000 salary working full time for Angels Corporation. Angels Corporation reported $416,000 of taxable business income for the year. Before considering his business income allocation from Angels and the self-employment tax deduction (if any), Mason's adjusted gross income is $184,000(all salary from Angels Corporation). Mason claims $58,000 in itemized deductions. Answer the following questions for Mason.
Note: Leave no answer blank. Enter zero if applicable.
Problem 15-46 Part c (Algo)
c. Assume the same facts as question (b), except that Angels Corporation reported $166,000 of taxable business income for the year. What is Mason's deduction for qualified business income? Ignore the wagebased limitation when computing the deduction.
Deduction for qualified business income.
Note: $33,200 is not the answer. Help me figure out what i'm doing wrong please.
! Required information Problem 1 5 - 4 6 ( LO 1 5

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