Question: Please, I need solutions for both 2017 & 2018 for the question below: Question : Georgia, a single taxpayer, operates a business that produces $100,000

Please, I need solutions for both 2017 & 2018 for the question below:

Question: Georgia, a single taxpayer, operates a business that produces $100,000 of income before any amounts are paid to her. She has no dependents and no other income. She has itemized deductions of $18,000.Compute the total income that would be paid assuming the following additional facts. Ingore payroll taxes.

a. Georgia operates the business as an S corporation receiveing a salary from corporation of $60,000. The corporation distributes all of its remaining income to the shareholders.

b. She operates the business as a C corporation receiving a salary from the corporation of $60,000, The corporation distributes its after tax income to her as a dividend.

c. How would the total tax change in each of the first two requirements if the corporation made no payments to the owner other than the salary?

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