Question: Refer to the facts in the preceding problem. a. If the business is operated as a partnership, explain the payroll tax/self-employment tax implications for the

Refer to the facts in the preceding problem.
a. If the business is operated as a partnership, explain the payroll tax/self-employment tax implications for the entity, Thomas, and Angela. (No calculations required.)
b. If the business is operated as an S corporation, explain the payroll tax/self-employment tax implications for the entity, Thomas, and Angela. (No calculations required.)
c. Given your discussion, how might payroll tax/self-employment taxes influence Thomas and Angela’s choice of entity through which to operate their business?

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