Candace, who is in the 33% tax bracket, is establishing a business which could have potential environmental liability problems.Therefore, she is trying to decide between the C corporation form and the S corporation form.She projects that the business will generate earnings of about $75,000 each year.Advise Candace on the tax consequences of each entity form.

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The Answer of Candace, who is in the 33% tax bracket, is establishing a business which could have potential environmental liability problems.Therefore, she is trying to decide between the C corporation form and the S corporation form.She projects that the business will generate earnings of about $75,000 each year.Advise Candace on the tax consequences of each entity form.

Candace, Who Is in the 33% Tax Bracket, Is Establishing