Foster owns 27% of the Baxter Corporation, whose ordinary income is $100,000. His salary for the year is $50,000. What amount must Foster pay in Social Security taxes if Baxter is an) Corporation S Corporation

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The Answer of Foster owns 27% of the Baxter Corporation, whose ordinary income is $100,000. His salary for the year is $50,000. What amount must Foster pay in Social Security taxes if Baxter is an) Corporation S Corporation

Foster Owns 27% of the Baxter Corporation, Whose Ordinary Income