Is there any tax advantage to a 100 percent shareholder employee of an S corporation compared to a shareholder employee of a C corporation under the following circumstances shareholder employee salary is $75,000 the corporate income before the $75,000 salary and any related employment expense is $1...

There is a tax advantage equal to 366 using the S corporation rather than a C corporation Employment ...

Is there any tax advantage to a 100 percent shareholder-employee of an S corporation compared to a

Question:

Is there any tax advantage to a 100 percent shareholder-employee of an S compared to a shareholder-employee of a C under the following circumstances: shareholder-employee salary is $75,000; the corporate income before the $75,000 salary and any related employment expense is $100,000? The also distributes $15,000 to the shareholder. The shareholder is single, has no dependents, and uses the standard deduction.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...