Meyd operates a housecleaning business as a sole proprietorship. She oversees a team of 10 cleaning personnel markets the business, and provides supplies and equipment. The business has been generating net taxable profits of $74,000 per year before considering the oldeduction. As a sole proprietor, Megan qualities for the 20 percent deduction, reducing taxable income from the business to $59.200 Required: a. Assume that Megan's marginal tax rate on ordinary income is 35 percent and that she has no pressing need for cash flow from this business. Should Megan consider incorporating and operating the business through a C corporation? Fill the below table to justify your answers. Ognore any payroll or self-employment tax considerations Income tax liability operated as a corporation Income tax savings should Megan consider incorporating and operating the business through a corporation? pery b. How would your conclusion in part a change i Megan's marginal tax rate were only 28 percent? Mit Vinos wil