Assume that pre$-$tax profit of $$40,000$ has been earned by a business, and the owner$/$proprietor wants to withdraw all of the after$-$ tax profit for personal use. Assume the tax rate for a corporation is $21\%,$ while the rate for a person is $27\%$The after$-$taxes $($corporate and$/$ or personal income taxes$)$ earnings available under the corporate and proprietorship forms are Need MS Excel Spreadsheet $?$ Download Click to open : for a corporation $ $23,068$for a proprietorship $,$ $$29,200$ for either a corporation or a proprietorship $$26,400$ for either a corporation or a proprietorship $$36,500$ for a corporation $$26,400$for a proprietorship $$36,500$ for either a corporation or a proprietorship $ $19\mathrm{.}272$