Question: Explain the tax effect based on providing $180,000 per year for the client's salary and $70,000 per year for his daughter's salary iftheyr withdra1 cash

 Explain the tax effect based on providing $180,000 per year for

Explain the tax effect based on providing $180,000 per year for the client's salary and $70,000 per year for his daughter's salary iftheyr withdra1 cash from the business or pay dividends as appropriate. Justify the percentageo'fownership the client's daughter should have in the business based on the type of business entity recommended. Consider the tax law in reference to the recommendation and how the decision will affect the daughter's tax return

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