Question 1 (18 Points) Britta and Sheila plan to fom a consulting business in 2018. Britta will contribute $66,000 in exchange for a 33% ownership interest and Shelia will contribute $134,000 in exchange for a 67% ownership interest. The business will also borrow $80,000 from a bank to pay for its start-up costs. Britta and Shelia will both actively manage the consulting business. Their business plan projects $650,000 of profits annually. Neither Britta nor Sheila will draw a salary, but the business plan includes a total annual distribution of $250,000 to Britta and Sheila at the end of the year. The distribution is allocated pro rata based on ownership percentage. Britta and Sheila's only source of income and deductions is from the consulting business operations. Britta is single and Sheila is married to John and John file jointly. John is a stay at home dad and has no source of income . Britta Assuming the business plan projections are accurate in 2018 and the consulting business is organized as a general partnership, what amount of federal income tax would the business, Britta, and Sheila each pay in 2018 from the consulting business' operations? Only consider income taxes in your computations (i.e. ignore payroll tax and NIT). Please show your work and explain your calculations. a. (6 points)