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Business, 23.10.2019 00:30 alaf05160

Jack flubber, who owns sons of flubber construction co., and runs it as a proprietorship, had gross profits last year of $80,000. his personal and family expenses are $52,000 and he has $7,000 in exemptions and deductions. he paid $17,000 in taxes. if he paid himself a salary of $55,000 taxed at 20%, would it be advantageous for him to incorporate as a closely held corporation? explain.

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Jack flubber, who owns sons of flubber construction co., and runs it as a proprietorship, had gross...
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