Haney Smith is the soIe shareholder and employee of White Corporation, a C corporation that is engaged exclusively in accounting services. During the current year. White has operating Income of $320,000 and operating expenses (excluding salary) of $150.000. Further, White Corporation pays Nancy a salary of $100,000. The salary is reasonable in amount and Nancy Is In the 33% marginal tax bracket irrespects any Income from White. Assuming that White Corporation distributes all after-tax Income as dividends, how much total combined income do White and Nancy pay In the current year? (Ignore any employment tax considerations.) $67, 625 $84,000 $64, 325 $56, 125 None of these choices are correct