Karen owns 100% of Carbon Corporation's stock and also runs the company as its CEO. Carbon is a C corporation that expects to earn $410,000 before deducting any salary paid to Karen. Karen wants the corporation to pay her $290,000 for the current year in pre-tax dollars. She is considering three different options: (1) a $290,000 dividend, (2) a $145,000 dividend plus a $145,000 salary, or (3) a $290,000 salary. i (Click the icon to view additional information.) (Click the icon to view the tax rate schedules for 2020.) (Click the icon to view the standard deductions for 2020.) Read the requirement. First, calculate the total tax liability (corporate and individual) for each of the three options. Start with option 1, then option 2, and finally option 3. Option 1: a $290,000 Option 2: a $145,000 dividend Option 3: a $290,000 plus a $145,000 salary dividend salary Corporation Individual Total tax Which option results in the lowest overall tax? Next