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Ms. Xie, who is in the 37 percent tax bracket, is the sole shareholder and president of Xenon. The corporation's financial records show the following: $1,641,000 Gross income from sales of goods Operating expenses Salary paid to Ms. Xie Dividend distributions (947,000) (317,000) (217,000) a. Compute the combined tax cost for Xenon and Ms. Xie. (Ignore payroll tax.) b. How would your computation change if Ms. Xie's salary was $534,000 and Xenon paid no dividends? Answer is not complete. Complete this question by entering your answers in the tabs below. RequiredA Required B Compute the combined tax cost for Xenon and Ms. Xie. (Ignore payroll tax.) Xenon's tax Ms. Xie's tax on salary Ms. Xie's tax on dividend Total income tax cost S 377,000 117,290 3,400 S 537,690 Required A Required B Ms. Xie, who is in the 37 percent tax bracket, is the sole shareholder and president of Xenon. The corporation's financial records show the following: Gross income from sales of goods Operating expenses Salary paid to Ms. Xie Dividend distributions $1,641,000 (947,000) (317,000) (217,000) a. Compute the combined tax cost for Xenon and Ms. Xie. (lgnore payroll tax.) b. How would your computation change if Ms. Xie's salary was $534,000 and Xenon paid no dividends? Answer is not complete. Complete this question by entering your answers in the tabs below Required ARequired B How would your computation change if Ms. Xie's salary was $534,000 and Xenon paid no dividends? Xenon's tax Ms. Xie's tax on salary Total income tax cost Required A RequiredB