Gina owns all of Cherry Corporation's stock. Cherry pays her a $$74,000$ salary, which reduces its before$-$tax profit to $$21,000.$ Cherry distributes all of its after$-$tax income to its shareholder, Gina. Gina is married, and her spouse receives $$82,000$ of salary from an unrelated employer. They file jointly, have $$31,500$ of itemized deductions, and have no dependents. Compute the total income tax that is paid. Ignore payroll taxes. $($The tax year is $2022)$

View the standard deduction amounts. View the $2022$ tax rate schedule for the Married filing jointly filing status.

Read the requirement.

a$.$ Compute the total income tax that would be paid assuming Cherry is an $S$ corporation. Ignore payroll taxes

Begin by calculating taxable income for Gina under this scenario.

$\backslash$table$[[$S corporation income,$74,000],[$Salaries$,82,000],[$Adjusted gross income,$156,000]]$

Minus:

Qualified business income deduction

$\backslash$table$[[$Itemized deductions,$31,500],[$xable income,$124,500]]$

Now enter the income tax that would be paid by Gina and the corporation under this scenario, and compute the total income tax. $($Use the $2022$ tax rate schedules for all tax calculations. Enter a $"0"$ if no tax is due. Do not round any intermediary calculations. Round your final tax liability to the nearest whole dollar.$)$

$\backslash$table$[[$Income tax paid by$,$Amount of tax$],[$Gina$,],[$Corporation$,],[$Total income tax,$]]$

Next compute the total income tax that would be paid assuming the additional facts under scenario $($b$).$ Ignore payroll taxes.