In 2020, A GmbH (headquartered in Germany) derived a profit of EUR 5 million before taxes. Altogether, A GmbH paid taxes of EUR 1.5 million. A GmbH distributes the whole profit after taxes to its shareholders. Agnes lives in Frankfurt and runs a sole proprietorship. She holds a 1% participation in A GmbH. Agnes has taken up a loan (annual interest expenses = EUR 20,000) to finance the participation. She holds the participation in her business assets. Besides her shareholding, Agnes works as an employee in an engineering firm. Her annual salary is EUR 23,980 before taxes. She has work-related expenditures of EUR 527. Note: If there is an option, Agnes prefers to have taxed the dividends with Abgeltungsteuer/final withholding tax. Agnes does not receive any other income in addition to the dividend and the salary. When you determine the tax payments, assume that there are no special expenses etc. Apply the 2020 income tax formulae when determining the income tax. The local multiplier of the business tax is 400% in Frankfurt (Oder). Tax liability_(2 points) Agnes is with Germany. She is subject to German with her In 2020, A GmbH (headquartered in Germany) derived a profit of EUR 5 million before taxes. Altogether, A GmbH paid taxes of EUR 1.5 million. A GmbH distributes the whole profit after taxes to its shareholders. Agnes lives in Frankfurt and runs a sole proprietorship. She holds a 1% participation in A GmbH. Agnes has taken up a loan (annual interest expenses = EUR 20,000) to finance the participation. She holds the participation in her business assets. Besides her shareholding, Agnes works as an employee in an engineering firm. Her annual salary is EUR 23,980 before taxes. She has work-related expenditures of EUR 527. Note: If there is an option, Agnes prefers to have taxed the dividends with Abgeltungsteuer/final withholding tax. Agnes does not receive any other income in addition to the dividend and the salary. When you determine the tax payments, assume that there are no special expenses etc. Apply the 2020 income tax formulae when determining the income tax. The local multiplier of the business tax is 400% in Frankfurt (Oder). Tax liability_(2 points) Agnes is with Germany. She is subject to German with her