For 2017, compare the income and FICA or self-employment tax burdens only for a couple in the 33 percent marginal income tax bracket who jointly own a business with $120,000 of operating income, first if the business is a partnership and then if it is an S corporation. The husband and wife each take $50,000 out of the business as salary.

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The Answer of For 2017, compare the income and FICA or self-employment tax burdens only for a couple in the 33 percent marginal income tax bracket who jointly own a business with $120,000 of operating income, first if the business is a partnership and then if it is an S corporation. The husband and wife each take $50,000 out of the business as salary.

For 2017, Compare the Income and FICA or Self-Employment Tax