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Dave and his friend Stewart each owns 50 percent of KBS. During the year, Dave recelved $86,000 compensation for services he performed for KBS during

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Dave and his friend Stewart each owns 50 percent of KBS. During the year, Dave recelved $86,000 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 $34,400. How much FICA andior self-employment tax is Dave required to pay on his compensotion and his share of the KBS income if KES is formed as a C corporation, an S corporation, or a limited liability company (taxed as a partnership) (ignore the 0.9 percent additional Medicare tax)? How much FiCA tax would the entity be required to poy on the compensation paid to Dave? Note: Do not round any percentage colculations. Round other intermediate calculations and final answers to the nearest whole dollar amount

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