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Dave and his friend Stewart each owns 5 0 percent of KBS . During the year, Dave received $ 9 9 , 0 0 0
Dave and his friend Stewart each owns percent of KBS During the year, Dave received $ compensation for services he performed for KBS during the year. He performed a significant amount of work for the entity, and he was heavily involved in management decisions for the entity he was not a passive investor in KBS After deducting Dave's compensation, KBS reported taxable income of $
How much FICA andor selfemployment tax is Dave required to pay on his compensation and his share of the KBS income if KBS is formed as a C corporation, an S corporation, or a limited liability company taxed as a partnershipignore the percent additional Medicare tax How much FICA tax would the entity be required to pay on the compensation paid to Dave?
Note: Do not round any percentage calculations. Round other intermediate calculations and final answers to the nearest whole dollar amount.
find limited liability company
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