20) Stacy would like to organize SST (a business entity) as either an LLC (axed as a partnership) or as a corporation (taxed as a corporation) generating a 10 percent annual before- tax return on a $600,000 investment Stacy's marginal tax rate on ordinary income is 37 percent Stacy's marginal tax rate on individual capital gains and dividends is 23.8 percent, including the net investment income tax, SST will pay out its after-tax earnings every year to either its members or its shareholders. If SST is taxed as a partnership, Stacy would be subject to a 2.9 percent self-employment tax rate and a 9 percent additional Medicare tax. Assume that SST'S income is not qualified business income for purposes of the qualified business income deduction. How much would Stacy have after taxes if SST is organized as either an LLC or ac corporation? 21) For book purposes, RadioAircast Incorporated reported $15,000 of income from municipal bonds. It also expensed $12,000 of radio station filing fines paid to the FCC the same year. What is the total book-tax difference associated with these items? Is it favorable or unfavorable? What amount of the total adjustment is permanent and what amount is temporary