Part a. Rick's marginal tax rate is 37% for ordinary income and 20% for qualified dividends. His investment income is subject to the 3 8% net investment income tax Round all calculations to the nearest whole number) First calculate the after-tax income amounts. After-tax income if Rick owns the investments himself $ 11.840 After-tax income if Rick's O corporation owns the investments $ 12.040 Higher or Lower Amount Rick's after-tax income if he transfers the investments to his wholly- owned corporation rather than owning them himself will be highers 200 Part b. Rick's marginal tax rate is 22% for ordinary income and 15% for qualified dividends. His investment income is not subject to the 3 8% net investment income tax. (Round all calculations to the nearest whole number) First calculate the after-tax income amounts After-tax income if Rick owns the investments himself After tax income if Rick's C corporation owns the investments h Rick owns investments that generate $20,000 of ordinary income per year (4% annual before tax rate of retum). Revi following parts of the problem, B: (Click the icon to view the parts.) In each part, determine how much higher or lower Rick's after-tax income would be if he transfers the investments to wholly-owned C corporation rather than owning them himself, assuming the corporation immediately distributes its after-tax income to Rick as a qualifying dividend. Rick's marginal tax rate is 37% for ordinary income and 20% for qualified dividends. His investment income is subject to the 3.8% net investment income tax Rick's marginal tax rate is 22% for ordinary income and 15% for qualified dividends. His investment income is not subject to the 3.8% net investment income tax Assume that all the investment's after-tax income will be reinvested for five years, whether Rick transfers the investments to his wholly-owned C corporation or owns the investments himself. How would your answers to Parts a and b change in this situation