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17 Ms. Kona owns a 12 percent interest in Cariton LLC. This year, the LLC generated $68,800 ordinary income. Ms. Kona's marginal tax rate is

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Ms. Kona owns a 12 percent interest in Cariton LLC. This year, the LLC generated $68,800 ordinary income. Ms. Kona's marginal tax rate is 32 percent, and she does not pay SE tax on her LLC income. Required: a. Compute the tax cost on M5. Kona's share of Cariton's income assuming that she received a $31,000 cash distribution this year. b. Compute the tax cost on Ms. Kona's share of Cariton's income assuming that she recelved no cash distribution this year. Note: For all requirements, round your final answers to the nearest whole dollar amount. Answer is complete but not entirely correct

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