Problem related to merchandising operations

Reference no: EM13153946

Good Co. had a net loss of $75,000 from merchandising operations in 2007. Jane owns Good Co. and works 20 hours a week in the business. She has a large amount of income from other sources and is in the 35% marginal tax bracket. Would Jane's tax situation be better if Good Co. were a proprietorship or a C-corporation? Explain why.

Reference no: EM13153946

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