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Company earned $230,000 of ordinary income during the year. In addition, they have a $3,000 long-term capital gain. The company is owned 100% by Joy.

Company earned $230,000 of ordinary income during the year. In addition, they have a $3,000 long-term capital gain. The company is owned 100% by Joy. During the year, the business distributed $12,000 in cash to Joy. Joy has an individual ordinary tax rate of 28% and a capital gains tax rate of 15%.

Assume the business is organized as a proprietorship. What is JOYS AFTER-TAX CASH FLOW from owning the business this year?

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