During the current year, David invests $35,000 in each of two separate corporations. Each investment gives him a 20% ownership interest. Corporation X is a C corporation that has a taxable income of $200,000 and pays dividends of $50,000. Corporation Z is an S corporation that has a qualified business income of $100,000 and pays $50,000 of dividends. As a result of these two investments, David: 1. has $10,000 of taxable income from Corporation X. 2. has $10,000 of taxable income from Corporation Z. O Both statements are correct. O Neither statement is correct. 0 Only statement 1 is correct. O Only statement 2 is correct. Sam is an employee of Alten, Inc. Sam receives a salary of $120,000 from Alten. What amount should Alten withhold from Sam's salary as payment of Sam's Social Security and Medicare taxes? $7,803.40 O $9,180.00 $8,422.65 $9,087.00 $7,440.00