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1 5 - 6 1 ( LO 1 5 - 3 ) ( Algo ) his friend Stewart each owns 5 0 percent of KBS

15-61(LO 15-3)(Algo)
his friend Stewart each owns 50 percent of KBS. During the year, Dave received $98,000 compensat ed for KBS during the year. He performed a significant amount of work for the entity, and he was heavily ment decisions for the entity (he was not a passive investor in KBS). After deducting Dave's compensatic ncome of $39,200
ch FICA and/or self-employment tax is Dave required to pay on his compensation and his share of the K as a C corporation, an S corporation, or a limited liability company (taxed as a partnership)(ignore the 0.9 e tax)? How much FICA tax would the entity be required to pay on the compensation paid to Dave? not round any percentage calculations. Round other intermediate calculations and final answers to nount.
Answer is complete but not entirely correct.
\table[[,FICA Tax that Dave pays,FICA Tax that Entity pays],[poration,$,2,378,7,497
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