Carol has recently incorporated her sole proprietorship and is considering making an S election. The corporation has $200,000 of gross revenue and expenses of $75,000 before Carol’s salary. She plans to take a gross salary of $60,000 from the business and this will be her only income for the year. Compare the total tax burden for Carol and the corporation with and without the S election. Consider both income and employment taxes. Carol is single, has no dependents, and uses the standard deduction. She plans to reinvest all of the corporation’s net income after taxes into the business. Based on tax burden alone for 2018, should Carol make the S election?