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Income taxation problem. Georgia, a single taxpayer, operates a business that products $100,000 of income before any amount are paid to her . She has
Income taxation problem. Georgia, a single taxpayer, operates a business that products $100,000 of income before any amount are paid to her . She has no dependent and no other income .She has itemized deduction of $18,000.Compute the total income tax that would be paid assuming the fallowing additional facts .Ignore payroll taxes. Georgia operates the business as an s corporation receiving a salary from the corporation of $60,000. The corporation distributes its tax income to her as a divide. How would the total tax change in each of the first two requirements if the corporation made no payments to the owner other than the salary? Georgia, a single taxpayer, operates a business that products $100,000 of income before any amount are paid to her . She has no dependent and no other income .She has itemized deduction of $18,000.Compute the total income tax that would be paid assuming the fallowing additional facts .Ignore payroll taxes. Georgia operates the business as an s corporation receiving a salary from the corporation of $60,000. The corporation distributes its tax income to her as a divide. How would the total tax change in each of the first two requirements if the corporation made no payments to the owner other than the salary
Income taxation problem.
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