Ed is single and 56 years of age. His only source of income has been interest of $50,000 earned each year on his savings account at Big Bank. He claims the standard deduction. He has decided to start a repair business on January 1, 2021, which he will operate as a regular corporation (Ed's Repair Company). He expects the company to have repair revenue of $90,000 per year, and expenses of $20,000 year, for repair parts, utilities, etc. The only other corporate expense will be Ed's salary of $40,000. Ignore payroll taxes. What is the amount of the projected total income tax burden (personal and corporate tax combined) for 2021? $19,162 $19,499 $21,162 $18,169