LO.4, 5 Gert is the owner of all of the shares of an S corporation. Gert is

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LO.4, 5 Gert is the owner of all of the shares of an S corporation. Gert is considering receiving a salary of $80,000 from the business. She will pay 7.65% FICA taxes on the salary, and the S corporation will pay the same amount of FICA tax. If Gert reduces her salary to

$60,000 and takes an additional $20,000 as a distribution, howmuch total tax could be saved?

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