Sanjay would like to organize HOS $($a business entity$)$ as either an $S$ corporation or as a corporation $($taxed as a C corporation$)$ generating a $12$ percent annual before$-$tax return on a $$500,000$ investment. Sanjay's marginal tax rate is $24$ percent and the corporate tax rate is $21$ ercent. Sanjay's marginal tax rate on individual capital gains and dividends is $15$ percent. HOS will pay out its after$-$tax earnings every year to either its members or its shareholders. If HOS is taxed as an $S$ corporation, the business income allocation would qualify for the deduction for qualified business income $($assume no limitations on the deduction$).$ Assume Sanjay does not owe any additional Medicare tax or net investment income tax.

Note: Round your intermediate calculations and final answer to whole number dollar amount.

a$.$ How much would Sanjay keep after taxes if HOS is organized as either an S corporation or a C corporation?

b$.$ What are the overall tax rates $($combined owner and entity level$)$ if HOS is organized as either an S corporation or a $C$ corporation