Streamplay Incorporated is a music streaming service. Subscriptions for the streaming service generated pre-tax income of...

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Streamplay Incorporated is a music streaming service. Subscriptions for the streaming service generated pre-tax income of $225,000 In its first year of operations. After paying taxes, the company distributed the remaining earnings to its sole owner Mira Lee. Assume the current corporate and personal income tax rate is 24%. Required: a. Calculate the total amount of tax paid if Steamplay Incorporated is treated as a corporation b. Calculate the total amount of tax paid if Steamplay Incorporated is treated as a sole proprietorship Complete this question by entering your answers in the tabs below. Required A Required B Calculate the total amount of tax paid if Steamplay Incorporated is treated as a corporation. Total amount of tax paid Required B > Streamplay Incorporated is a music streaming service. Subscriptions for the streaming service generated pre-tax income of $225,000 In its first year of operations. After paying taxes, the company distributed the remaining earnings to its sole owner Mira Lee Assume the current corporate and personal income tax rate is 24%. Required: a. Calculate the total amount of tax paid if Steamplay Incorporated is treated as a corporation. b. Calculate the total amount of tax paid if Steamplay Incorporated is treated as a sole proprietorship Complete this question by entering your answers in the tabs below. Required A Required B Calculate the total amount of tax paid if Steamplay Incorporated is treated as a sole proprietorship Total amount of tax paid Streamplay Incorporated is a music streaming service. Subscriptions for the streaming service generated pre-tax income of $225,000 In its first year of operations. After paying taxes, the company distributed the remaining earnings to its sole owner Mira Lee. Assume the current corporate and personal income tax rate is 24%. Required: a. Calculate the total amount of tax paid if Steamplay Incorporated is treated as a corporation b. Calculate the total amount of tax paid if Steamplay Incorporated is treated as a sole proprietorship Complete this question by entering your answers in the tabs below. Required A Required B Calculate the total amount of tax paid if Steamplay Incorporated is treated as a corporation. Total amount of tax paid Required B > Streamplay Incorporated is a music streaming service. Subscriptions for the streaming service generated pre-tax income of $225,000 In its first year of operations. After paying taxes, the company distributed the remaining earnings to its sole owner Mira Lee Assume the current corporate and personal income tax rate is 24%. Required: a. Calculate the total amount of tax paid if Steamplay Incorporated is treated as a corporation. b. Calculate the total amount of tax paid if Steamplay Incorporated is treated as a sole proprietorship Complete this question by entering your answers in the tabs below. Required A Required B Calculate the total amount of tax paid if Steamplay Incorporated is treated as a sole proprietorship Total amount of tax paid