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Required information [The following information applies to the questions displayed below.] Amanda would like to organize BAL as either an LLC (taxed as a sole

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Required information [The following information applies to the questions displayed below.] Amanda would like to organize BAL as either an LLC (taxed as a sole proprietorship) or a C corporation. In either form, the entity is expected to generate an 8 percent annual before-tax return on a $500,000 investment. Amanda's marginal income tax rate is 37 percent, and her tax rate on qualified dividends and net capital gains is 20%. Assume that BAL will distribute half of its after-tax earnings every year as a dividend if it is formed as a C corporation. Assume the income is not eligible for the QBI deduction. Further, when computing your answers, include the self-employment tax (use a 2.9\% marginal rate for self-employment income because Amanda has salary over $147,000 from her employer) but not the additional Medicare tax or the net investment income tax. How much cash after taxes would Amanda receive from her investment in the first year if BAL is organized as an LLC? What if BAL is brganized as a C corporation? Note: Round intermediate calculations and your final answers to the nearest whole dollar

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