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Sandy is a 100% owner of Reston, Inc., a C Corporation. In the current year, Reston, Inc., reports $150,000 of taxable income (all ordinary income)

Sandy is a 100% owner of Reston, Inc., a C Corporation. In the current year, Reston, Inc., reports $150,000 of taxable income (all ordinary income) and distributes its after-tax income to Sandy. Assume Sandys marginal rate on ordinary income is 35% and her marginal rate on qualified dividends is 15%. Calculate the combined corporate and individual tax paid by Sandy and Reston, Inc.

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