Question 1: You are planning on registering your business. You estimate that you can earn $500,000 of taxable income for your business. Using the 2021 tax rate schedule, if your only consideration is the amount of tax liability, which form of business organization should you choose? Hint: Some forms of business organization will be taxed as personal income while other will be taxed as corporate income. Question 1: You are planning on registering your business. You estimate that you can earn $500,000 of taxable income for your business. Using the 2021 tax rate schedule, if your only consideration is the amount of tax liability, which form of business organization should you choose? Hint: Some forms of business organization will be taxed as personal income while other will be taxed as corporate income