If the Tinker Family Corporation is operated as an S corporation, What is the annual income tax burden on the dividend income generated by the investment portfolio? Assume that Mr. and Mrs. Tinker are in the 37 percent tax bracket, qualify for the 20 percent dividend tax rate, and each child is in the 12 percent tax bracket with a zero percent dividend tax rate. To simplify the case, ignore any value of the couple's management service to the corporation. Compute the tax burden for the first year if Tinker Family Corporation does not have an S election in effect and distributes a 100 annual dividend per share.