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Question 1 4 pts Att 49 Brito Enterprises, a regular C Corporation, has $50,000 in net income for the current year before a $20,000 dividend
Question 1 4 pts Att 49 Brito Enterprises, a regular C Corporation, has $50,000 in net income for the current year before a $20,000 dividend distribution to its sole owner, Essa. Essa is single and has no dependents. Brito enterprises is Essa's only source of income. Compute the approximate total tax liability for Essa and Brito for the current year O$8,400 total tax liability O $9,200 total tax liability O$11,300 total tax liability O $10,500 total tax liability DQuestion 2 4 pts Mary owns a 70% interest in an LLC that earned $100,000 in the current year. She also owns 70% of the stock in a C corporation that earned $100,000 during the year. The LLC distributed $50,000 to Mary and the C corporation paid dividends of $50,000 to Mary. How much adjusted gross income (AGI) must Mary report from these businesses? $50,000 income from the LLC and $50,000 income from the C corporation. O $O income from the LLC and $50,000 income from the C corporation. $70,000 income from the LLC and $50,000 income from the C corporation. $70,000 income from the LLC and SO income from the C corporation
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