Ms. Xie, who is in the 37 percent tax bracket, is the sole shareholder and president of Xenon. The corporation's financial records show the following: $1,611,000 Gross income from sales of goods Operating expenses Salary paid to Ms. Xie Dividend distributions (937,000) (307,000) (207,000) a. Compute the combined tax cost for Xenon and Ms. Xie. (Ignore payroll tax.) b. How would your computation change if Ms. Xie salary was $514,000 and Xenon paid no dividends? Complete this question by entering your answers in the tabs below. Required A Required B Compute the combined tax cost for Xenon and Ms. Xie. (Ignore payroll tax.) Xenon's tax Total income tax cost Required B> Next Prev 1 of 5 Check my work Ms. Xie, who is in the 37 percent tax bracket, is the sole shareholder and president of Xenon. The corporation's financial records show the following $1,611,000 (937,000) (307,000) (207,000) Salary paid to Ms. xie Dividend distributions a. Compute the combined tax cost for Xenon and Ms. Xie. (Ignore payroll tax.) b. How would your computation change if Ms. Xie's salary was $514,000 and Xenon paid no dividends? Complete this question by entering your answers in the tabs below. Required B ired A would your computation change if Ms. Xie's salary was $514,000 and Xenon paid no dividends? Required A Next> Prey 1 of 5