all the questions: 1. For the current year, Vincent Design Inc., a corporation, reports taxable income Rs.3,00,000 before paying salary to James the shareholder of Vincent Design Inc. James marginal tax rate on ordinary income is 25 per cent and 18 per cent on dividend income. Assume Vincent Design's tax rate is 39 per cent. (a) How much total income tax will Vincent Design and James pay on the Rs.3,00,000 taxable income for the year if Vincent Design doesn't pay any salary to James and instead distributes all of its after-tax income to James as a dividend? (b) How much total income tax will Vincent Design and James pay on the Rs.3,00,000 of income if Vincent Design pays James a salary of Rs.1,50,000 and distributes its remaining after-tax earnings to James as a dividend? (c) Compare your answer in part a. with your answer to part b. Explain why these numbers are different