The Brick Corporation, a C corporation, is owned 100% by Ralph Morgan and had taxable income in 2018 of $525,000. Ralph is also an employee of the corporation. In December 2018, the corporation has decided to distribute $440,000 to Ralph and has asked you whether it would be better to distribute the money as a dividend or salary. Ralph, a single taxpayer, is in the 37% marginal tax bracket. How would you respond to Brick Corporation? Consider only income taxes for this problem. (Ralph's taxable income exceeds $425,800.) (Click the icon to view the tax rates for 2018.) Calculate the taxes for Brick and Ralph under each option. (For the purpose of this analysis, we will only consider the marginal and capital gain rates for Ralph. Ignore additional taxes imposed on high income taxpayers.) Distributed as dividend Distributed as salary Taxes for Brick Taxes for Ralph Total tax liability The Brick Corporation, a C corporation, is owned 100% by Ralph Morgan and had taxable income in 2018 of $525,000. Ralph is also an employee of the corporation. In December 2018, the corporation has decided to distribute $440,000 to Ralph and has asked you whether it would be better to distribute the money as a dividend or salary. Ralph, a single taxpayer, is in the 37% marginal tax bracket. How would you respond to Brick Corporation? Consider only income taxes for this problem. (Ralph's taxable income exceeds $425,800.) (Click the icon to view the tax rates for 2018.) Calculate the taxes for Brick and Ralph under each option. (For the purpose of this analysis, we will only consider the marginal and capital gain rates for Ralph. Ignore additional taxes imposed on high income taxpayers.) Distributed as dividend Distributed as salary Taxes for Brick Taxes for Ralph Total tax liability