Problem: Module $9$ Textbook Problem $4$

Learning Objective: $9-2$ Calculate after$-$tax cash flow from passthrough entities and taxable corporations

Ms$.$ Kona owns a $11$ percent interest in Carlton LLC$.$ This year, the LLC generated $$91,600$ ordinary income. Ms$.$ Kona's marginal tax rate is $32$ percent, and she does not pay SE tax on her LLC income.

Required:

a$.$ Compute the tax cost on Ms$.$ Kona's share of Carlton's income assuming that she received a $$50,000$ cash distribution this year.

b$.$ Compute the tax cost on Ms$.$ Kona's share of Carlton's income assuming that she received no cash distribution this year.

$($For all requirements, round your final answers to the nearest whole dollar amount.$)$

$\backslash$table$[[,,$Amount$],[$a$.,$Tax cost,$],[$b$.,$Tax cost,$]]$