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Dave and his friend Stewart each owns 50 percent of KBS. During the year, Dave received $93,000 compensation for services he performed for KBS

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Dave and his friend Stewart each owns 50 percent of KBS. During the year, Dave received $93,000 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 $37,200. How much FICA and/or self-employment 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 partnership) (Ignore the 0.9 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. C Corporation S Corporation Limited liability company

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