Cheryl operates a business that produces $108,000 of income before any amounts are paid to her. She is married, and her spouse receives $95,000 of salary from an unrelated employer. They file jointly, have $27,000 of itemized deductions, and have no dependents. (The tax year is 2021.) (Click the icon to view the standard deduction amounts.) (Click the icon to view the 2021 tax rate schedule for the Married filing joint filing status.) Read the requirement a. Cheryl operates the business as an S corporation receiving a salary from the corporation of $65,000. The corporation distributes all of its remaining income to the shareholders. Begin by calculating taxable income for Cheryl under this scenario. Salaries S corporation income Adjusted gross income Minus: Itemized deductions 160000 43000 203000 27000 Qualified business income deduction Taxable income 8600 167400 Now enter the income tax that would be paid by Cheryl and the corporation under this scenario, and compute the total income tax. (Use the 2021 tax rate schedules for all tax calculations. Enter "0" if no tax is due. Do not round any intermediary calculations. Round your final tax liability to the nearest whole dollar) Income tax paid by Cheryl Corporation Total income tax Amount of tax Next compute the total income tax that would be paid assuming the additional facts under scenario (b) sonors payroll taxes