The Booth Corporation, a C corporation, is owned 100% by Chris Roper and had taxable income in 2017 of $530,000. Chris is also an employee of the corporation in December 2017 the corporation has decided to distribute S430 000 to Chris and has asked you whet eri ould be better to distribute the money as a d dend or salar hris s in the 39 6% marginal tax o ackeL Hc would ou respond Both orporation? onside only income taxes or his problem. (Click the con to view the tax rate edule or ration (Cick the loon to view the capital gain rates for 2017. Calculate the taxes for Booth and Chris under each option. (For the purpose of this analysis, we will only consider the marginal and capital gain rates for Chris. Ignore additional taxes imposed on high income taxpayers.) Distributed as dividend Distributed as salary Taxes for Booth Taxes for Chris Total tax lability