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

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 $182,500 salary working full time
for Angels Corporation. Angels Corporation reported $410,000 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 $182,500(all
salary from Angels Corporation). Mason claims $55,000 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
$160,000 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. Posted tgis a couple of times but still dont have a correct answer, pls help
 Required information Problem 15-46(LO 15-3)(Algo) [The following information applies to the

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