Comparison of Tax Entities. a. Keith Thomas and Trent Brooks began a new consulting business on January 1, 2020. They organized the business as a C corporation, KT, Inc. During 2020, the corporation was successful and generated revenues of $2 million. KT had operating expenses of $800,000 before any payments to Keith or Trent. During 2020, KT paid dividends to Keith and Trent in the amount of $350,000 each. Assume that Keiths wife earned $130,000 from her job, they file a joint return, have itemized deductions of $40,000, and have no children. Compute the total tax liability of KT, Inc. and Keith and his wife for 2020. Ignore the net investment income tax