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Ms. Kona owns a 8 percent interest in Cariton L.LC. This year, the LLC generated $76,000 ordinary income. M5. Kona's marginal tax rate is 32

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Ms. Kona owns a 8 percent interest in Cariton L.LC. This year, the LLC generated $76,000 ordinary income. M5. Kona's marginal tax rate is 32 percent, and she does not pay SE tax on her LLC income. Required: a. Compute the tax cost on Ms. Kona's share of Cariton's income assuming that she recelved a $37,000 cash distribution this year. b. Compute the tax cost on Ms. Kona's share of Cartion's income assuming that she recelved no cash distribution this year. Note: For all requlrements, round your final answers to the nearest whole dollar amount

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