Assume that Robert is the shole shareholder at RCK corporation. Rck corp earns $285,000 of taxable income. RCK will pay out all of its after-tax earnings annually as a dividend to its sole shareholder, Robert. Roberts ordinary marginal tax rate is 28%, and his dividend rate is 15% (the net investment income tax is not applicable) HIs corporate tax rate is 34%.

Given these assumptions, what would be the overall taxrate on RCK corp's income (corp level tax + Share holder level tax) IF..

A) RCK Corp was organized as a C- Corp

B) RCK Corp was organized as a S- Corp