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1. Dave and his friend Stewart each own 50 percent of KBS. During the year, Dave received $75,000 compensation for services he performed for KBS

image text in transcribed 1. Dave and his friend Stewart each own 50 percent of KBS. During the year, Dave received $75,000 compensation for services he performed for KBS during the year. He performed a significant amount of work for the entity, and he was heavily involved in management decisions for the entity (he was not a passive investor in KBS). After deducting Dave's compensation, KBS reported taxable income of $30,000. How much FICA and/or self-employment tax is Dave required to pay on his compensation and his share of the KBS income if KBS is formed as a C corporation, an S corporation, or a limited liability company (taxed as a partnership) (ignore the .9 percent additional Medicare tax)? How much FICA tax would the entity be required to pay on the compensation paid to Dave

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