Oops sorry, I didn't know you had responded. I'm trying to estimate taxes my company will have to pay as an SCorp.
Revenue : $ 68,000
Salary for me: $ 12,000
Expenses: $ 23,000
No 401K ...
I guess the rest would be shareholder/dividend distribution.
How much taxes would I owe?
Then, if i have an additional salary of $ 102,000, then how much taxes would I owe all together.
I have no dependents, house deductions, or any other similar deductions.
Please include VA taxes (rough estimate).