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 $ 1,632,000 Operating expenses (944,000 ) Salary paid to Ms. Xie (314,000 ) Dividend distributions (214,000 )

A. Compute the combined tax cost for Xenon and Ms. Xie. (Ignore payroll tax.)

B.How would your computation change if Ms. Xies salary was $528,000 and Xenon paid no dividends?