2. Assume the company is a Sole Proprietorship (l.e business is flied on the personal tax return), and also has taxable income of $200,000. a. How much are the Personal Income Taxes? b. What is the Effective Tax Rate? c. What is the Marginal Rate? 3. Which legal entity pays the least taxes. 4. Change the taxable income in #1 and #2 above to $1,000,000 a. How much are the Corporate Income Taxes b. How much are the Personal Income taxes (if sole proprietor) c. Which legal entity pays the least taxes 2. Assume the company is a Sole Proprietorship (l.e business is flied on the personal tax return), and also has taxable income of $200,000. a. How much are the Personal Income Taxes? b. What is the Effective Tax Rate? c. What is the Marginal Rate? 3. Which legal entity pays the least taxes. 4. Change the taxable income in #1 and #2 above to $1,000,000 a. How much are the Corporate Income Taxes b. How much are the Personal Income taxes (if sole proprietor) c. Which legal entity pays the least taxes