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Suppose Jimmy's Furniture Mart, LLC, is owned by four individuals: Jimmy, Pat, Alicia, and Darryl. Jimmy owns 50% of the company, Pat owns 10%, Alicia

Suppose Jimmy's Furniture Mart, LLC, is owned by four individuals: Jimmy, Pat, Alicia, and Darryl. Jimmy owns 50% of the company, Pat owns 10%, Alicia owns 20%, and Darryl owns the final 20%. The company owes $100,000 in taxes for 2017. How much is each member obligated to pay? Jimmy, $50,000; Pat, $10,000; Alicia, $20,000; Darryl, $20,000 They do not owe taxes because the tax bracket is not high enough yet. Jimmy, $500,000; Pat, $100,000; Alicia, $200,000; Darryl, $200,000 Jimmy, $5,000; Pat, $1,000; Alicia, $2,000; Darryl, $2,000

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