I am non-US resident and non-US citizen (i.e. NRA, nonresident alien). I would like to open C-Corporation in Florida. I would be the only owner and shareholder of the C-Corp.
I know what are the Federal Corporation Tax on profits, but I cannot find what would be the approximate Payroll taxes if I decided to pay myself a salary (i.e. C-Corp pays a salary to the NRA owner of the Corp).
Let's use an example:
- C-Corporation's INCOME per year is $130K
- Business EXPENSES (no salaries): $70K
- Left: $60K
Let's say C-Corporation pays the $40K per year in salaries for me (the owner).
[Q1] What taxes and how much $ C-Corporation would need to pay IRS from the $40K owner's salary?
[Q2] What taxes and how much $ I would need to pay in US for receiving the salary from the C-Corp?
[Q3] If owner decides to withdraw $40K per year as "Owner's Draw", then this amount will be taxed by the Federal Corporation Tax only, is that correct?
Note: I am neither a resident nor a citizen of US.