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D Question 3 4 pts Brito Enterprises, a regular C Corporation, has $50,000 in net income for the current year before a $20,000 salary is
D Question 3 4 pts Brito Enterprises, a regular C Corporation, has $50,000 in net income for the current year before a $20,000 salary is paid to its sole owner, Essa. Essa is single and has no dependents. Brito enterprises is Essa's only source of income. Compute total tax liability for Essa and Brito for the current year. $6,700 total tax liability O $7,100 total tax liability $4,600 total tax liability O $5,000 total tax liabilies DI Question 4 4 pts Christine formed Pierce Enterprises, a proprietorship, in the current year. In its first year, Pierce had net operating income of $200,000. In addition, Pierce had a long-term capital loss of $20,000. Christine, the proprietor of Pierce Enterprises, withdrew $100,000 from Pierce during the year. Assuming Christine has no other capital gains or losses, how does this information affect her adjusted gross income (AGI) for the current year? O Increases Christine's adjusted gross income by $197,000. O Increases Christine's adjusted gross income by $100,000. Increases Christine's adjusted gross income by $180,000. O Increases Christine's adjusted gross income by $200,000
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