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Gina owns all of fig Corporation's stock. pays her a $60,000 salary, which reduces its before-tax profit to $35,000. Fig distributes all of its after-tax
Gina owns all of fig Corporation's stock. pays her a $60,000 salary, which reduces its before-tax profit to $35,000. Fig distributes all of its after-tax income to its shareholder, Gina . Gina is married, and her spouse receives $90,000 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 .) View the standard deduction amounts.LOADING
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