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VERY URGENT, Can you help me with this question please. Thank you so much. Please show work. Willow Yang who owns Yang Builders Co. and
VERY URGENT, Can you help me with this question please. Thank you so much. Please show work. Willow Yang who owns Yang Builders Co. and runs it as a proprietorship, had a before-tax income last year of $400,000. She has $20,000 in exemptions and deductions. If she paid herself a salary of $150,000, would it be advantageous for her to operate as a corporation from a taxation perspective? Assume: corporate tax rate = 30%, personal tax rate (for $95,000 to $150,000 taxable income) = 22%, personal tax rate (income > $300,000) = 26%
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