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Georgia owns all of Peach Corporatoon's slock. Peach pays her a $70,000 salary, which reduces its before tax profit to $30,000. Peach distritutes af of

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Georgia owns all of Peach Corporatoon's slock. Peach pays her a $70,000 salary, which reduces its before tax profit to $30,000. Peach distritutes af of its after tax income to its sharcholder, Georga. Geocga is mamed, and her spouse seceives $90,000 of salary from an unvelated employer They fle jointy, have $31,000 of itemized deductions, and have no dependents. Compule the tolal income tax than is paid ignore payroll tames. (The tax year is 2023 ) Vew the standard deduction amounts. Bead the requirement. b. Compute the fotal income tax that would be paid assuming Peach is an C corporation ignore paryot taws Begin by calculating tacable incone for Georgia under this scenario. (Enter a ' for any zeto amounts)

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