Question: A single individual has formed a partnership, which is not a qualified business, in which the individual owns 33.33%. The first year of the partnership,

A single individual has formed a partnership, which is not a qualified business, in which the individual owns 33.33%. The first year of the partnership, it earns gross income of $150,000 for the tax year of 2018.

What is the total tax that will be paid by the individual this year if the individual's marginal tax rate is 12% and the corporate marginal rate is 21%?

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