Problem 1 Entity Choice\ AB Company has $200,000 of income in 2023 before deducting any compensation or other payments to\ its 50/50 owners, Anthony and Brenda.\ Assume Anthony/Brendas ordinary income tax rate is 35%, their dividend rate is 20% and the corporate\ tax rate is 21%. Assume that all tax rates are flat rates.\ The earnings from the business would be eligible for a QBI deduction.\ Assume there are no loss limitations on partnership income.\ Compute the federal income taxes, both corporate and individual, related to each of the following\ situations.\ a) AB is operated as a partnership and it distributes $140,000 of the profits in 2023 to its partners.\ b) AB incorporates and distributes $140,000 in 2023, all treated as a dividend\ c) AB is operated as a partnership and it distributes $40,000 of the profits in 2023 to its partners.\ d) AB incorporates and distributes $40,000 in 2023, all treated as a dividend\ e) AB incorporates and pays out all $200,000 in salaries and wages to Anthony and Brenda\ Based on these calculations, describe one factor that affects the choice of entity