Answer:
correct answer is $30,000
Explanation:
given data
Alpha reported = $200,000
withdrew = $30,000
corporate income tax rate = 30%
personal income tax rate = 15%
solution
we get here total amount of tax collect as
total amount of tax collect = Alpha reported amount × personal income tax rate ...............1
put here value
total amount of tax collect = $200,000 × 15%
total amount of tax collect = $30,000
here no corporate tax required and partner is taxed on share of total partnership income regardless of amount withdrawn
so correct answer is $30,000
