2. Oak Company has $475,000 in taxable income before deducting any allowable compensation or other...
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Accounting
2. Oak Company has $475,000 in taxable income before deducting any allowable compensation or other payment to its sole owner, Ahmad (who is single). Ahmad is in the 32% marginal tax bracket. If Ahmad operates the company as a regular C corporation and pays himself a $200,000 salary, the federal income tax Oak Company and Ahmad would pay in total is: a. $57,750. b. $99,750. c. $121,750. d. $163,750. e. none of the above.
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