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Problem: Module 9 Textbook Problem 3 Learning Objective: 9.2 Colculate after-tax cash flow from possthrough entities and taxable corporations Mr. and Mrs. Lund and their

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Problem: Module 9 Textbook Problem 3 Learning Objective: 9.2 Colculate after-tax cash flow from possthrough entities and taxable corporations Mr. and Mrs. Lund and their two children (Ben and June) are the four equal partners in LBJ Partnership. This year, LBJ generated $44.000 ordinary income Required: Compute the tax cost for the business if Mr. and Mrs. Lund's marginal rate is 32 percent, Ben's marginal rate is 24 percent, and June's marginal rate is 12 percent. (lgnore SE tax consequences.)

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