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Robert is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business. During the current year, ABC records net income of $293,000 after deducting Robert's $87,900 salary. In addition to his compensation, ABC pays Robert dividends of $205,100. a. What is Robert's qualified business income? $ b. What is Robert's qualified business income if you determined that reasonable compensation for someone with Robert's experience and responsibilities is $177,900?
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Robert is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or b...
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