Thank you for sharing that, Knaak, it was very helpful and much appreciated. This is my first year with this S-corp and I'm learning a lot.
Can I ask you if you take any distributions for you s-corp? Say I make $20000 this year, pay myself $10000 using the numbers in your example, have my employer contribution be $2500, leaving $7500 net profit for the corporation, What are the remaining taxes I have to pay on that $7500 before I can take the rest as a distribution?