Kenneth Tully and Tucker Brinkman began a new consulting business on January 1, 2019. They organized the business as a C corporation, KT, Inc. During 2019, the corporation was successful and generated revenues of $2,500,000. KT had operating expenses of $725,000 before any payments to Kenneth or Tucker. During 2019, KT paid dividends to Kenneth and Tucker in the amount of $150,000 each. Assume that Kenneth's wife earned $150,000 from her job, they file a joint return, have itemized deductions of $39,000, and have no children. (Assume the qualified dividends tax rate is 15%.) Read the requirements. Kenneth Tully and Tucker Brinkman began a new consulting business on January 1, 2019. They organized the business as a C corporation, KT, Inc. During 2019, the corporation was successful and generated revenues of $2,500,000. KT had operating expenses of $725,000 before any payments to Kenneth or Tucker. During 2019, KT paid dividends to Kenneth and Tucker in the amount of $150,000 each. Assume that Kenneth's wife earned $150,000 from her job, they file a joint return, have itemized deductions of $39,000, and have no children. (Assume the qualified dividends tax rate is 15%.) Read the requirements