The IRS might be skeptical of permitting requests for changes in accounting method without a good business purpose. True False Question 5 5 pts Faith Corporation, a C Corporation has taxable income of $9,000,000 during 2022 . What is the tax on the income if the sole shareholder is at the highest tax bracket and is single? $3,291,455.50 3,292,955 A C Corporation if a flow through entity and does not pay tax 1,890,000 Question 6 5 pts Kerr Incorporated, an S Corporation has net income of $5,000,000 during 2022 . The S Corporation has one shareholder that is taxed at the highest tax bracket. What is the tax that the S Corporation has to pay? An S Corporation is a flow through entity and does not pay taxes the corporate level $1,812,955 $1,050,000 $1,811,455.50