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What is mason self-employment tax liability

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Question - Mason (single) is a 50 percent shareholder in Angels Corp. (an S Corporation). Mason receives a $185,500 salary working full time for Angels Corp. Angels Corp. reported $422,000 of taxable business income for the year (2020). Before considering his business income allocation from Angels and the self-employment tax deduction (if any), Mason's adjusted gross income is $185,500 (all salary from Angels Corp.). Answer the following questions for Mason. What is Mason's self-employment tax liability?

Reference no: EM132832990

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What is mason self-employment tax liability : Mason's adjusted gross income is $185,500 (all salary from Angels Corp.). Answer the questions for Mason. What is Mason's self-employment tax liability
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