Bulldog Corporation reported taxable income of $500,000 this year, before any deduction for any payment to its sole shareholder and employee, Georgia Brown, Bulldog chose to pay a bonus of $100,000 to Georgia at year-end. The bonus meets the requirements to be "reasonable and is therefore deductible by Bulldog. Georgia is subject to a marginal tax rate of 35 percent on the bonus. What is the income tax imposed on the corporate income earned by Bulldog and the income tax on the bonus paid to Georgia? Answer is complete but not entirely correct. Corporate tax $130,000 Shareholder tax $ 35,000 Total income tax $171,000