X, who is in the 37 percent tax bracket, is the sole shareholder of Inc., which manufactures greeting cards. Y's average annual net profit (before deduction of Mr. X's salary) is $370,000. Compute the income tax burden on this profit. Assume that all dividends are taxed to individuals at a 20% tax rate. (Ignore any payroll tax consequences.) Y is an S corporation. X's salary is $100,000, and Ymakes no cash distributions. Assume Y's ordinary income qualifies for the 20 percent QBI deduction, subject to no limitations