Compare the Effective Tax Rate of the Following: a Sole $\begin{array}{llcc}& \text {Sole Proprietorship }& \text { Corporation} \\\end{array}$

Compare the effective tax rate of the following: A sole proprietorship ($100,000 in income, all of the income is paid out, and the individual's tax rate is 28%) to a corporation (the same $100,000 in income, with all of the income paid out in dividends and a corporate tax rate of 30%. Individual tax rate is 28%) . What is the effective tax rate of the sole proprietorship? What is the effective tax rate of the corporation?

$\begin{array}{llcc}& \text {Sole Proprietorship }& \text { Corporation} \\\end{array}$

A) $\begin{array}{llcc}&&&30 \% &&&&&&&28 \% \\\end{array}$
B) $\begin{array}{llcc}&&& 28 \% &&&&&&& 30 \% \\\end{array}$
C) $\begin{array}{llcc}&&& 28 \% &&&&&&& 49.8 \% \\\end{array}$
D) $\begin{array}{llcc}&&& 28 \% &&&&&&&49.6 \% \end{array}$