Required Calculate the liability for the company and shareholder for each scenario. Scenario 1: Closely-held company...

  

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Required Calculate the liability for the company and shareholder for each scenario. Scenario 1: Closely-held company with taxable income of $10,000,000 before salary deduction pay director/shareholder salary of $6,500,000. Scenario 2: Closely-held company with taxable income of $10, 000,000 before salary deduction pay director/shareholder salary of $5,000,000 and shares worth $1,500,000. Scenario 3: Closely-held company with taxable income of $10,000,000 before salary deduction pay director/shareholder salary of $5,000,000 and dividend income of $1,500,000 Required Calculate the liability for the company and shareholder for each scenario. Scenario 1: Closely-held company with taxable income of $10,000,000 before salary deduction pay director/shareholder salary of $6,500,000. Scenario 2: Closely-held company with taxable income of $10, 000,000 before salary deduction pay director/shareholder salary of $5,000,000 and shares worth $1,500,000. Scenario 3: Closely-held company with taxable income of $10,000,000 before salary deduction pay director/shareholder salary of $5,000,000 and dividend income of $1,500,000