If you owned a closely held C-Corporation if your company was highly successful to the tune of $500,000 or more in gross revenue how would you compensate yourself? Would you pay yourself a wage from which payroll taxes would be paid and withheld or would you pay yourself a dividend? Describe your answer as clearly as you can. You may need to do some outside, online research to determine which payroll taxes are applicable to you. Please keep in mind that you can go to IRS.gov and search for pub. 15. A Pub is short for publication and is a document that the IRS produces to convey complex tax material to the layperson. In this case, Pub 15 goes into payroll taxes in significant detail. Off topic, another Pub you might want to remember is Pub 17, which covers the individual tax form 1040.