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How much self-employment income must William report

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Reference no: EM132802424

Question - Harrison Corporation (an S corporation) reports ordinary business income of $120,000 after deducting $20,000 for Williams salary. William is a 30% shareholder. How much self-employment income must William report?

A - $36,000

B - 0

C - 56,000

D - 20,000

Reference no: EM132802424

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