Although I know the answers I need help determining how to get to them. Assistance is needed step by step that explains how. Thank you.
c. How would the total box change In each of the first top requirements I the corporation made no payments to the owner other than the salary? Let's bagin by calculating any change in tax under the set of facts for scenario (a), assuming that the corporation made no payments to the owner other than the salary. (Enter a "0" for no change in tax ) Increase (decrants) in Income tax paid by Not affect on tax income tax No elect Corporation No oflect Now calculate any change in tax under the got of facts for scenario (B), assuming that the corporation made no payments to the owner other than the salary. (Enter a "0" for ine change in tax Use a minus sign or parenthe Increate (decrease) h Income tax pald by Nut allact on tax Income bias Georgia (3.565) Corporation No electScore: 0 of 4 pts 16 of 20 *) PI:2-50 (book/static) Georgia, a single taxpayer, operates a business that produces $100.090 of income before any amounts are paid to her. She has no dependents and no other Income. She has itemized deductions of $18,000. (The tax year is 2020.) Read the requirement. Begin by calculating taxable income for Georgia under this scenario. (Enter a "0" for any zero amounts.} Salary 70,000 Dividend 23 700 Adjusted gross income 93.700 Minus Itemized deductions (18.000) Qualified business income deduction Taxable income 75.700 Now enter the income tax that would be paid by Georgia and the corporation under this scenario. (Use the 2020 tax rate schedules for all tax calculations. Do not round Income tax paid by Amount of tax Georgia 10,785 Corporation 6.300 Total income tax 17.085 c. How would the total tax change in each of the first two requirements if the corporation made no payments to the owner other than the salary? Let's begin by calculating any change in tax under the set of facts for scenario (a), assuming that the corporation made no payments to the owner other than the salary Increase (decrease) in Income tax paid by Net effect on tax income tax Georgia No effect Corporation No effect Now calculate any change in tax under the set of facts for scenario (b), assuming that the corporation made no payments to the owner other than the salary. (Enter a" Increase (decrease) in Income tax paid by Net effect on tax income tax