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Determine how much tax the business will pay

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Reference no: EM13517060

Assume the same facts as in the previous problem, except that the business expects to make a cash distribution of $35,000 each to June and John the first year. Determine how much tax the business will pay and how much additional tax they will personally pay if they form the business as a partnership, S corporation, or C corporation. Consider only income taxes.

Reference no: EM13517060

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