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Inez is the sole shareholder in TIP Technologies, Inc., a C corp. TIP Tech has a banner year and makes $ 1 million in profit.
Inez is the sole shareholder in TIP Technologies, Inc., a C corp. TIP Tech has a banner year and makes $ million in profit. The company decides to reinvest most of it into the continued growth of the business, but it pays Inez a distribution of $ How much in total taxes do Tip Tech and Inez owe the federal government? Assume the corporate tax rate is and the individual tax rate is
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