Exercise 16-18 (Algorithmic) (LO. 1) salary of $299,400 during its fiscal Delaine is a 90% shareholder in a personal service corporation (PSC). The corporation paid Delaine year ending September 30, 2019. If required, round your answers to the nearest dollar. a. Assume that the corporation cannot satisfy the business purpose test for a fiscal year. How much salary must Delaine receive during the period October 1 through December 31, 2019, in order for the corporation to continue to use its fiscal year? $ b. Assume that the corporation cannot satisfy the business purpose test or salary test for a fiscal year. The corporation pays Delaine a salary of $59,880 for October 1 through December 31, 2019, and salary of $359,280 from January 1, 2020, through September 30, 2020. How much must the corporation limit its deduction for salary for its fiscal year ending September 30, 2020, in order to retain the fiscal year