Forward Corporationised by a group of 15 shareholders. During the curent year forward pays $550.000 in salary and bonuses to Alvin its president and controlling shareholder The corporation's tax rate is 21%, and A's marginal tax rate is 37% for ordinary income and 23.8% (20% 3.8% on net investment income) for long-term capital gains. The IRS audits Forward's tax retum and determines that reasonable compensation for Akin is $350.000 Forward agrees to the a in dsalowed salary and b by Forward Corporation and Requirement FICA Print Done