...deductions of self-employed individuals. Section 911(b) of the Code provides, in pertinent part, that the term "earned income" means wages, salaries, or...and capital are material income-producing factors, a reasonable allowance as compensation for the personal services rendered by the taxpayer, not in excess...

...section 91 1 (c) of the Code. Section 91 1 (b) of the Code defines the term "earned income" to mean wages, salaries, or professional fees, and other amounts...and capital are material income-producing factors, a reasonable allowance as compensation for the personal services rendered by the taxpaver, not in excess...

...Section 911(b) of the Code provides, in part, that the term "earned income" means wages, salaries, professional fees, and other amounts received as compensation...and capital are material incomeproducing factors, a reasonable allowance as compensation for personal services rendered by the taxpayer, not in excess...

...portion would be treated as a dividend and would not be earned income. The section goes on to say that in the case of a taxpayer engaged in a trade or business...factors, under regulations prescribed by the Secretary or his delegate, a reasonable allowance as compensation for the personal services rendered by the taxpayer,...

...Section 911(b) of the Code defines earned income for purposes of section 911 and provides, in part, that in the case of a taxpayer engaged in a trade or business...factors, under regulations prescribed by the Secretary or the Secretary's delegate, a reasonable allowance as compensation for personal services rendered...

...rather than a reasonable allowance as compensation for the personal services actually rendered. In tbe case of a taxpayer engaged In a trade or business...factors, under regulations prescribed by the Secretary or bli delegate, a reasonable allowance as compensation for the personal services rendered bj the taxpayer,...

...represents a distribution of earnings or profits rather than a reasonable allowance as compensation for the personal services actually rendered. In the case of...which both personal services and capital are material income producing factors, a reasonable allowance as compensation for the personal services rendered...

...received as compensation for personal services actually rendered." This section further provides that, in the case of a taxpayer engaged in a trade or business...services and capital are material income-producing f actors," an amount not in excess of 30 percent of the "net profits" of the business shall be considered...

...compensation for personal services performed by E was $60,000. Section 911(b) of the Code provides that in the case of a taxpayer engaged in a trade or business...which both personal services and capital are material income producing factors, a reasonable allowance as compensation for personal services, not in excess...

...production of earned income and have not been taken into account in determining the net profits of a trade or business in which both personal services...and capital are material income-producing factors (as defined in section 1.1348-3(a)(3)). Deductions properly allocable to or chargeable against earned...