Answer:
Income tax imposed on the corporate income earned by Bulldog $105,000
Income tax on the bonus paid to Georgia $35,000
Step-by-step explanation:
Corporate tax:
Taxable income $600,000- Bonus $100,000
=$500,000
Hence:
500,000 × 21% =$105,000
Shareholder tax:
100,000 × 35= $35,000
Total income tax $140,000
Therefore the income tax imposed on the corporate income earned by Bulldog is $105,000 and the income tax on the bonus paid to Georgia is $35,000