Question 1 (2 points) Jay owns 100% of Kaye Company. In 2020, Kaye Company recognizes a long-term capital gain (LTCG) of $100,000. Kaye Company has no other income or loss. Assume that Jay (an individual) is in the 37% tax bracket and has no recognized capital gains or losses in 2020. How much tax will Kaye Company owe on the $100,000 LTCG assuming that Kaye is a corporation? Question 2 (2 points) Jay owns 100% of Kaye Company. In 2020, Kaye Company recognizes a long-term capital gain (LTCG) of $100,000. Kaye Company has no other income or loss. Assume that Jay (an individual) is in the 37% tax bracket and has no recognized capital gains or losses in 2020. How much tax will Kaye Company owe on the $100,000 LTCG if Kaye Company is a sole proprietorship? A Question 1 (2 points) Jay owns 100% of Kaye Company. In 2020, Kaye Company recognizes a long-term capital gain (LTCG) of $100,000. Kaye Company has no other income or loss. Assume that Jay (an individual) is in the 37% tax bracket and has no recognized capital gains or losses in 2020. How much tax will Kaye Company owe on the $100,000 LTCG assuming that Kaye is a corporation? Question 2 (2 points) Jay owns 100% of Kaye Company. In 2020, Kaye Company recognizes a long-term capital gain (LTCG) of $100,000. Kaye Company has no other income or loss. Assume that Jay (an individual) is in the 37% tax bracket and has no recognized capital gains or losses in 2020. How much tax will Kaye Company owe on the $100,000 LTCG if Kaye Company is a sole proprietorship? A