New Business is just being formed by 20 investors, each of whom will own 54 of the business. The firm is expected ta earn $1.500,000 fiefure taart esch yeat the corpucate tai. rate is 34% and the personal tax rate for the firmis investors is 35\%. The firm does not need to retain any eamings, so all of its aher.tax inchetile will be pig ort at atidendt ha it partnership rather than as a corporation? a. 520,475 b. 521,375 f. 5900 4. 519,890 A. $19,296