Why is there no solution to I:1-43?

I have the textbook, I don't need a repeat of the textbook, just a solution

Where do I find it?

Thank you

Fran D

Here is the question

I:

1-43

Comparison of Tax Entities.

a.

Keith Thomas began a new consulting business on January 1, 2007. He organized the

business as a C corporation, KT, Inc. During 2007, the corporation was reasonably

successful and generated revenues of $1,050,000. KT had operating expenses of

$800,000 before any payments to Keith. During 2007, KT paid dividends to Keith in

the amount of $250,000. Assume that Keith had other taxable income of $120,000,

itemized deductions of $40,000, is married (wife has no income), and has no children.

Compute the total tax liability of KT and Keith for 2007. Ignore any phaseouts of

itemized deductions or personal exemptions.

b.

Instead of organizing the consulting business as a C corporation, assume Keith organ-

ized the business as a limited liability company, KT, LLC. KT made a distribution of

$250,000 to Keith during 2007. Compute the total tax liability of KT and Keith for

2007. Ignore any phaseouts of itemized deductions or personal exemptions.