How much would emmy keep after taxes

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Question - Emmy would like to organize PRK as a C corporation with herself as sole shareholder. Emmy expects PRK to generate $15,000 annual income before paying Emmy's salary. Individual ordinary rates are 25 percent, corporate rates are 15 percent, and individual capital gains and dividends tax rates are 5 percent. PRK will distribute its net earnings (if any) to Emmy.

Ignoring employment and self-employment taxes, how much would Emmy keep after taxes if PRK paid Emmy an annual salary of $6,000?

Ignoring employment and self-employment taxes, how much would Emmy keep after taxes if PRK paid Emmy an annual salary of $15,000?

Reference no: EM131979467

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