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Silver Inc. is an S corporation. This year it earned​ $60,000 of taxable income and paid a​ $10,000 distribution to​ Daisy, its sole shareholder. Daisy has a marginal tax rate of​ 24%. Due to the​corporation's results and the distribution​ paid, the IRS will receive total taxes of A. ​$14,400. B. ​$27,000. C. ​$9,000. D.​$14,100.

Respuesta :

Answer:

$14,400

Explanation:

Given:

Total taxable income = $60,000

Total distribution paid to the Daisy = $10,000

Marginal tax rate = 24%

Now,

the total taxed received by the IRS

= Total taxable income × Marginal Tax rate

or

the total taxed received by the IRS  = $60,000 × 24%

or

the total taxed received by the IRS  = $14,400

Hence, the answer is option (a)

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