Assignment/takeAssignmentMain.dolin eBook Discussion Question 16-3 (LO. 1) A law practice was incorporated on January 1, 2021, and expects to earn $25,000 per month before deducting attorney Shonda's salary. Shonda owns 100% of the stock in the practice. The corporation (a personal service corporation) and Shonda both use the cash method of accounting. The corporation does not need to retain any of the earnings in the business; thus, the salary of Shonda (a calendar year taxpayer) is the corporation's net income before salary expense. Complete the statement below in response to the following question: "If the corporation could choose any tax year and pay Shonda's salary at a time that would be most tax-efficient (but at least once every 12 months), what tax year should the corporation choose and when should the salary be paid each year? The ideal tax year would probably end on and the salary would be paid each By using a year, the lawyer will always have s of deferred income. Assignment/takeAssignmentMain.dolin eBook Discussion Question 16-3 (LO. 1) A law practice was incorporated on January 1, 2021, and expects to earn $25,000 per month before deducting attorney Shonda's salary. Shonda owns 100% of the stock in the practice. The corporation (a personal service corporation) and Shonda both use the cash method of accounting. The corporation does not need to retain any of the earnings in the business; thus, the salary of Shonda (a calendar year taxpayer) is the corporation's net income before salary expense. Complete the statement below in response to the following question: "If the corporation could choose any tax year and pay Shonda's salary at a time that would be most tax-efficient (but at least once every 12 months), what tax year should the corporation choose and when should the salary be paid each year? The ideal tax year would probably end on and the salary would be paid each By using a year, the lawyer will always have s of deferred income