Check 8 00 Problem: Module Textbook Problem Learning Objectives: . 9-4 Explain tax and nontax considerations in choosing a passthrough entity form .96 Explain why individuals once again can use corporations as tax shelters 1 Me Lion who is in the 37 percent tax bracket is the sole shareholder of Toto Inc, which manufactures greeting cards. Toto's average et profepefore deduction of Mr. Lion's salary is $320.000 For each of the following cases.computere income tax burden profit. Assume that all dividends are taxed to individuals of a 20% the rate ognare any payroll tax consequences) Recdi a Mon's salary is $100,000, and Toto pays no dividends. b. Masalary is $100.000 and Toto distributes its after tax income as a dividend. c. Toto corporation Mr. Lion's salary is $100,000, and Toto makes no construtions Assume Toto's ordinary income Gathe 20 percent of deduction, subject to no limitations d. Toto corporation. M. Lion drows no salary, and Toto makes no cash distributions. Assume Toto's ordinary income questo the 20 punoi deduction, subject to no imitations Toto is an oration Mr. Lion draws no salivy, and Toto makes cash tributions of all income to Me Lion Assume Tools ordinary inequalities for the 20 percent i deduction, subject to notations Amount come tax burden op hincome burden Inoxburton income tax burder on the Income tax burder on this po