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Kyrsten Haas expects an S corporation investment to generate a profit of $200,000. Her share of the S corporation is 15%. What is Kyrstens income
Kyrsten Haas expects an S corporation investment to generate a profit of $200,000. Her share of the S corporation is 15%. What is Kyrstens income tax if no cash is distributed? Kyrsten's marginal tax rate on ordinary income is 35% plus 3.8% on passive income. Kyrsten does not materially participate in the activities of the S Corporation. A. -0- B. 10,500. C. 70,000. D. 11,640.
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