Matt is the 100% owner of Zboy, Inc. Zboy paid Matt $50,000 in 2023 and also...

  

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Matt is the 100% owner of Zboy, Inc. Zboy paid Matt $50,000 in 2023 and also reported a taxable loss of $20,000. Assume the corporate tax rate is 21% and Matt's marginal tax rate is 22%. (also assume Matt has enough basis in the corporation). What taxes are due in each situation below? Zboy, Inc.'s Tax Matt's Tax If Zboy is a C Corporation If Zboy is an S Corporation Matt is the 100% owner of Zboy, Inc. Zboy paid Matt $50,000 in 2023 and also reported a taxable loss of $20,000. Assume the corporate tax rate is 21% and Matt's marginal tax rate is 22%. (also assume Matt has enough basis in the corporation). What taxes are due in each situation below? Zboy, Inc.'s Tax Matt's Tax If Zboy is a C Corporation If Zboy is an S Corporation