Wren, Inc Is Owned by Tucker 30%) and Maribel 70%)

Essay

Wren, Inc. is owned by Tucker 30%) and Maribel 70%). Tucker's marginal tax rate is 22% and Maribel's marginal tax rate is 35%. Wren's taxable income for the current tax year is $300,000.
a. If Wren is an S corporation, determine the amount of the distribution that Wren would make to enable Tucker and Maribel to pay their tax liabilities associated with Wren's $300,000 taxable income.
b. If Wren is a C corporation.