Mr. and Mrs. Trump own an investment portfolio of stocks. The couple has four children-ages 20,22,25,27-with whom they want to share their wealth. Mr. and Mrs. Plan to transfer their portfolio to a new corporation in exchange for 20 shares of voting stock and 400 shares of nonvoting stock. They will give 100 nonvoting shares to each child. The couple will serve as the directors of the corporation, manage the investment portfolio, and distribute cash dividends when their children need money. They estimate that the portfolio will generate $72,000 annual dividend income. If the Trump Family Corporation is operated as an S Corporation, compute the annual tax burden (liability) on the dividend income generated by the investment portfolio. Assume that Mr. and Mrs. Are in the 37 percent tax bracket, qualify for the 20 percent dividend tax rate, and each child is in the 12 percent tax bracket with a zero percent dividend tax rate