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During the Current Year,Shrike Company Had $220,000 Net Profit from Operations.Carlos,the

Question 97

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During the current year,Shrike Company had $220,000 net profit from operations.Carlos,the sole owner of Shrike,is in the 35% marginal tax bracket.Determine the combined tax burden for Shrike and Carlos under the following two independent situations.(Ignore any employment taxes. )
During the current year,Shrike Company had $220,000 net profit from operations.Carlos,the sole owner of Shrike,is in the 35% marginal tax bracket.Determine the combined tax burden for Shrike and Carlos under the following two independent situations.(Ignore any employment taxes. )

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