Is there any tax advantage to a 100 percent shareholder-employee of an S corporation compared to a

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Is there any tax advantage to a 100 percent shareholder-employee of an S corporation compared to a shareholder-employee of a C corporation under the following circumstances: shareholder-employee salary is $75,000; the corporate income before the $75,000 salary and any related employment expense is $100,000.The corporation also distributes $15,000 to the shareholder.The shareholder is single, has no dependents, and uses the standard deduction.

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Taxation For Decision Makers 2008

ISBN: 9780324654110

2nd Edition

Authors: Shirley Dennis-Escoffier, Karen A. Fortin

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