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qaws [65]
3 years ago
8

Moana is a single taxpayer who operates a sole proprietorship. She expects her taxable income next year to be $250,000, of which

$200,000 is attributed to her sole proprietorship. Moana is contemplating incorporating her sole proprietor-ship. Using the single individual tax brackets and the corporate tax brackets,find out how much current tax this strategy could save Moana (ignore any So-cial Security, Medicare, or self-employment tax issues). How much incomeshould be left in the corporation?
Advanced Placement (AP)
1 answer:
iren2701 [21]3 years ago
3 0

Answer:

well, around atleast 100,000 to 150.000 including taxes of all kinds but of 250,000 i think around 200-175 k should be left , if not, more

Explanation:

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