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In 2021, a company is considering alternative organizational forms. The gross business earnings are $100,000. The owner is single and has $3,000 of income from

In 2021, a company is considering alternative organizational forms. The gross business earnings are $100,000. The owner is single and has $3,000 of income from other sources and itemized deductions of $11,000. Compensation for services is $50,000. Business charitable contributions are $4,000. The owner's dividends from the corporation equal $15,000. What will be this individual's adjusted gross income (AGI) if the business is operated as a C corporation? $42,000 $64,000 h $68,000 $153,000 Question navigation 66 67 NEXT

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