Martina, an unmarried individual with no dependents, owns and operates an office supply store as a sole proprietorship. The net income from the business is consistently $102,000 annually. Based solely on income taxes, consider whether the corporate form of business will produce tax savings. Assume Martina uses the standard deduction amount.

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The Answer of Martina, an unmarried individual with no dependents, owns and operates an office supply store as a sole proprietorship. The net income from the business is consistently $102,000 annually. Based solely on income taxes, consider whether the corporate form of business will produce tax savings. Assume Martina uses the standard deduction amount.

Martina, an Unmarried Individual with No Dependents, Owns and Operates