Jeff and Ed form The Tax Museum as an LLC, which will be taxed as a partnership. They each own 50% of the LLC. Neither is employed by the LLC. In the first year of operation, the LLC generates $1 million of taxable income, all of which is ordinary, and pays $200,000 in distributions to the owners ($100,000 each to Jeff and Ed). Assuming a 21% corporate tax rate, a 35% personal tax rate on ordinary income, and a 15% personal tax rate on dividends, how much tax will be paid in the first year