Candace, who is in the 32% tax bracket, is establishing a business that 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 32% tax bracket, is establishing a business that 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 32% Tax Bracket, Is Establishing