Check my work 6 Required information The following information applies to the questions displayed below) Part 2 of 2 05 points Andrea would like to organize SHO as either an LLC [taxed as a sole proprietorship) or a corporation In either form, the entity is expected to generate an 8 percent annual before tax return on a $530,000 investment Andrea's marginal income tax rate is 35 percent and her tax rate on dividends and capital gains is 15 percent Andrea will also pay a 3 8 percent net investment income tax on dividends and capital gains she recognizes. If Andrea organizes SHO as an LLC Andrea will be required to pay an additional 29 percent for self employment tax and an additional 0 9 percent for the additional Medicare tax. Further, she is eligible to claim the deduction for qualified business income. Assume that SHO will pay out all of its after-tax earnings every year as a dividend if it is formed as a C corporation 00:4429 Boo b. What is the overall tax rate on SHO's income in the first year I SHO is organized as an LLC or as a corporation? (Round intermediate calculations to the nearest whole dollor. Round your final.answers to 2 decimal places.) P Helene Overall Tax Rate LLC C corporation