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LO.1, 2, 3 Amy and Jeff Barnes are going to operate their florist shop as a partner- ship or as an S corporation. After paying

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LO.1, 2, 3 Amy and Jeff Barnes are going to operate their florist shop as a partner- ship or as an S corporation. After paying salaries of $45,000 to each of the owners, the shop's earnings are projected to be about $60,000. The earnings are to be invested in the growth of the business. Write a letter to Amy and Jeff Barnes (5700 Redmont Highway, Washington, D.C. 20024) advising them as to which of the two entity forms they should select

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