Problem 15-61 (LO 15-3) (Algo) Dave and his friend Stewart each owns 50 percent of KBS. During the year, Dave received $87,000 compensation for services he performed for KBS during the year. He performed a significant amount of work for the entity, and he was heavily involved in management decisions for the entity (he was not a passive investor in KBS). After deducting Dave's compensation, KBS reported taxable income of $34,800. How much FICA and/or self-employment tax is Dave required to pay on his compensation and his share of the KBS income if KBS is formed as a C corporation, an S corporation, or a limited liability company (taxed as a partnership) (ignore the 0.9 percent additional Medicare tax)? How much FICA tax would the entity be required to pay on the compensation paid to Dave? Note: Do not round any percentage calculations. Round other intermediate calculations and final answers to the nearest whole dollar amount.

C Corporation- need FICA tax the entity will pay/ not what dave will pay, I already figured that out

S Corporation- need FICA tax the entity will pay/ not what dave will pay, I already figured that out

LLC- need FICA tax the entity will pay/ not what dave will pay, I already figured that out