You have set up your tax preparation firm as an incorporated business. You took $70.000 from the firm as your salary. The frm's taxable income for the year (net of your salary) was $30,000 Assume you pay personal taxes as an unmarried taxpayer. Use the tax rates presented in Table 35 and Table 3.7 (Round your intermediote calculations and final answers to the nearest whole dollar amount.) a. How much tax must be paid to the federal government, including both your personal taxes and the fim's taxes? points Total taxes eBook Print References b. By how much will you reduce the total tax bil if you cut your salary to $50,000, thereby leeving the firm with ta $50,000 xable income of Tax reduction c. What allocation vill minimize the total tax bile Hint: Think about marginal tax tates and the abifity to shitt income from a higher marginal bracket to a lower one. Total tax bill