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Georgia, a single taxpayer, operates a business that produces$100,000 of income before any amounts are paid to her. She has no dependents and noother income.

Georgia, a single taxpayer, operates a business that produces$100,000 of income before any amounts are paid to her. She has no dependents and noother income. She has itemized deductions of $18,000. Compute the totalincome tax thatwould be paid assuming the following additional facts. Ignore payroll taxes.a.Georgia operates the business as an S corporation receiving a salary from the corporationof $60,000. The corporation distributes all of its remaining income to the shareholders.b.She operates the business as a C corporation receiving a salary from the corporation of$60,000. The corporation distributes its aftertax income to her as a dividend.c.How would the total tax change in each of the first two requirements if the corpora-tion made no payments to the owner other than the salary

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