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1 Problem 18-35 (LO 18-1) (Algo) 10 port Bulldog Corporation reported taxable income of $295.000 this year before y deduction for any payment to its

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1 Problem 18-35 (LO 18-1) (Algo) 10 port Bulldog Corporation reported taxable income of $295.000 this year before y deduction for any payment to its sole shareholder and employee, Georgia Brown Bulldog chose to pay a bonus of $195,000 to Georgina at year-end. The bonus meets the requirements to be treasonable and is therefore deductible by Bulldog Georgia is subject to a marginal tax rate of 35 percent on the bonus What is the income tax imposed on the corporate Income eamed by Bulldog and the income tax on the bonus paid to Georgia? doo Corporate tax Shareholder tam To income tax HA As References

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