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Caron and Chuck are twins. Chuck chose a C Corp, while Caron chose a Sub Chapter S Corp. Otherwise, their businesses are identical. They are

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Caron and Chuck are twins. Chuck chose a C Corp, while Caron chose a Sub Chapter S Corp. Otherwise, their businesses are identical. They are each the only_shareholder (owner) of their respective businesses. Fill in the yellow part of the table below knowing that a C Corp pays the federal corporate tax, while a Sub Chapter S Corporation does not. I promise the math only requires some adding, subtracting, and some simple multiplication. The numbers will not have fractions. What are the net proceeds to Chuck and Caron, respectively (Assume they both withdraw all of the net income of their companies to pay themselves)? What do you think? - 30% is used to make the math easier

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