Typhoon Corporation is a C corporation with earnings of $100,000. It paid $15,000 in dividends to...

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Typhoon Corporation is a C corporation with earnings of $100,000. It paid $15,000 in dividends to its sole shareholder, Taylor. Taylor also owns 100% of Hurricane, an S corporation. Hurricane had net taxable income of $80,000 and made a $15,000 distribution to Taylor. What income will Taylor report from Typhoon and Hurricane's activities?. $180,000 $30,000 $100,000 $95,000 Typhoon Corporation is a C corporation with earnings of $100,000. It paid $15,000 in dividends to its sole shareholder, Taylor. Taylor also owns 100% of Hurricane, an S corporation. Hurricane had net taxable income of $80,000 and made a $15,000 distribution to Taylor. What income will Taylor report from Typhoon and Hurricane's activities?. $180,000 $30,000 $100,000 $95,000

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