Jack is starting a business that he expects to produce $190,000 of income this year before compensating Jack for his services. He has $22,000 of other income and itemized deductions totaling $20,000. He wants to know whether he should incorporate or operate the business as a proprietorship. If a corporation is formed, he wants to know whether he should make an S election. If he incorporates, the corporation will pay Jack a salary of $100,000. He expects to distribute an additional $7,500 of corporate profits to himself each year. Jack is single.

Required: 

Which organizational form, proprietorship, S corporation, or C corporation, will produce the lowest total current income tax liability for Jack and his business? Ignore payroll and other taxes.