Ms. Xie, who is in the 37 percent tax bracket, is the sole shareholder and president of Xenon. The corporations financial records show the following: Gross income from sales of goods $ 1,590,000 Operating expenses (930,000) Salary paid to Ms. Xie (300,000) Dividend distributions (200,000) Required: Compute the combined tax cost for Xenon and Ms. Xie. (Ignore payroll tax.) How would your computation change if Ms. Xies salary was $500,000 and Xenon paid no dividends?

pter 12 Saved Help Save & Exit Check Required: 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 $500,000 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.) Amount Xenon's tax Ms. Xie's tax on salary Ms. Xie's tax on dividend Total income tax cost $ 0 Required A Required B pter 12 Saved Help Save & Exit Check , Jalal y palu LUIS. Dividend distributions (200,000) Required: 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 $500,000 and Xenon paid no dividends? Complete this question by entering your answers in the tabs below. Required A Required B How would your computation change if Ms. Xie's salary was $500,000 and Xenon paid no dividends? Amount Xenon's tax Ms. Xie's tax on salary Total income tax cost $ 0