QUESTION 10 Calculate the tax disadvantage to organizing a U.S. business today, after passage of the jobs and Growth Tax Reconciliation Act of 2003. as a corporation versus a partnership given the following assumptions. All earnings will be paid out as dividends, and operating income before taxes will be $200,000. The effective corporate tax rate is 35, and the tax rate on corporate dividends is 15%. The average personal tax rate for partners in the business is 35%. 517.500 $19.500 $20.000 $22.250