Jeff owns Investments that generate $16,000 of ordinary Income per year (6% annual before-tax rate of return). Review the following parts of the problem: Click the icon to view the parts.) In each part, determine how much higher or lower Jeff's after-tax income would be if he transfers the Investments to his wholly-owned corporation rather than owning them himself, assuring the corporation immediately distributes its after-tax income to Jeff as a qualifying dividend. Part a. Jeff's marginal tax rate is 37% for ordinary income and 20% for qualified dividends. His investment income is subject to the 3.8% net investment income tax. (Round all calculations to the nearest whole number.) First calculate the after-tax income amounts After-tax income if Jeff owns the investments himself After-tax income if Jeff's C corporation owns the investments Higher or Lower Amount Jeffs after-tax income if he transfers the investments to his wholly- owned corporation rather than owning them himself will be Part b. Jeff's marginal tax rate is 22% for ordinary Income and 15% for qualified dividends. His Investment income is not subject to the 3.8% net investment Income tax. (Round all calculations to the nearest whole number.) First calculate the after-tax income amounts. After-tax income if Jeff owns the investments himself After-tax income if Jeff's C corporation owns the investments Higher or Lower Amount Jeff's after-tax income if he transfers the investments to his wholly- owned corporation rather than owning them himself will be Part C. Assume that all the investment's after-tax income will be reinvested for five years, whether Jeff transfers the investments to his wholly-owned corporation or owns the investments himself. How would your answers to Paris a and b change in this situation? Revised Part a. Jeff's marginal tax rate is 37% for ordinary income and 20% for qualified dividends. His investment income is subject to the 3.8% net investment income tax. (Round all percentages to three decimal places and dollar amounts to the nearest whole number.) Revised Part a. Jeff's marginal tax rate is 37% for ordinary income and 20% for qualified dividends. His investment income is subject to the 3.8% net investment income tax. (Round all percentages to three decimal places and dollar amounts to the nearest whole number.) First calculate the after-tax income amounts. After-tax income if Jeff owns the investments himself After-tax income if Jeff's C corporation owns the investments Higher or Lower Amount Jeff's after-tax income if he transfers the investments to his wholly- owned corporation rather than owning them himself will be Revised Part b. Jeff's marginal tax rate is 22% for ordinary income and 15% for qualified dividends. His investment income is not subject to the 3.8% net investment income tax. (Round all percentages to three decimal places and dollar amounts to the nearest whole number.) First calculate the after-tax income amounts. After-tax income if Jeff owns the investments himself After-tax income if Jeff's C corporation owns the investments Higher or Lower Amount Jeff's after-tax income if he transfers the investments to his wholly- owned corporation rather than owning them himself will be Jeff owns Investments that generate $16,000 of ordinary Income per year (6% annual before-tax rate of return). Review the following parts of the problem: Click the icon to view the parts.) In each part, determine how much higher or lower Jeff's after-tax income would be if he transfers the Investments to his wholly-owned corporation rather than owning them himself, assuring the corporation immediately distributes its after-tax income to Jeff as a qualifying dividend. Part a. Jeff's marginal tax rate is 37% for ordinary income and 20% for qualified dividends. His investment income is subject to the 3.8% net investment income tax. (Round all calculations to the nearest whole number.) First calculate the after-tax income amounts After-tax income if Jeff owns the investments himself After-tax income if Jeff's C corporation owns the investments Higher or Lower Amount Jeffs after-tax income if he transfers the investments to his wholly- owned corporation rather than owning them himself will be Part b. Jeff's marginal tax rate is 22% for ordinary Income and 15% for qualified dividends. His Investment income is not subject to the 3.8% net investment Income tax. (Round all calculations to the nearest whole number.) First calculate the after-tax income amounts. After-tax income if Jeff owns the investments himself After-tax income if Jeff's C corporation owns the investments Higher or Lower Amount Jeff's after-tax income if he transfers the investments to his wholly- owned corporation rather than owning them himself will be Part C. Assume that all the investment's after-tax income will be reinvested for five years, whether Jeff transfers the investments to his wholly-owned corporation or owns the investments himself. How would your answers to Paris a and b change in this situation? Revised Part a. Jeff's marginal tax rate is 37% for ordinary income and 20% for qualified dividends. His investment income is subject to the 3.8% net investment income tax. (Round all percentages to three decimal places and dollar amounts to the nearest whole number.) Revised Part a. Jeff's marginal tax rate is 37% for ordinary income and 20% for qualified dividends. His investment income is subject to the 3.8% net investment income tax. (Round all percentages to three decimal places and dollar amounts to the nearest whole number.) First calculate the after-tax income amounts. After-tax income if Jeff owns the investments himself After-tax income if Jeff's C corporation owns the investments Higher or Lower Amount Jeff's after-tax income if he transfers the investments to his wholly- owned corporation rather than owning them himself will be Revised Part b. Jeff's marginal tax rate is 22% for ordinary income and 15% for qualified dividends. His investment income is not subject to the 3.8% net investment income tax. (Round all percentages to three decimal places and dollar amounts to the nearest whole number.) First calculate the after-tax income amounts. After-tax income if Jeff owns the investments himself After-tax income if Jeff's C corporation owns the investments Higher or Lower Amount Jeff's after-tax income if he transfers the investments to his wholly- owned corporation rather than owning them himself will be