Problem $4-61($LO $4-3)($Algo$)$

Dave and his friend Stewart each owns $50$ percent of KBS$.$ During the year, Dave received $$99,000$ 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 $$39,600.$

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

formied as a C corporation, an S corporation, or a limited liability company $($taxed as a partnership$)($ignore the $0\mathrm{.}9$ 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.