Moana is a single taxpayer who operates a sole proprietorship. She expects her taxable income next year to be $$250,000,$ of which $$200,000$ is attributed to her sole proprietorship. Moana is contemplating incorporating her sole proprietorship. $($Use the tax rate schedule.$)2023$

Required:

Using the single individual tax brackets and the corporate tax rate, find out how much current tax this strategy could save Moana $($ignore any Social Security, Medicare, or self$-$employment tax issues$).$

How much income should be left in the corporation?