Options for corporation profits ?

[Steve Legnaioli]

If I start a corporation to collect rental income and there is 10,000 left after all expenses (profits) at year end , how is that taxed?

On my personal taxes?

Is it taxed separately before I take it?

Is it part of my MAGI I report to the IRS?

Can the corporation just retain the profits and pay taxes on it to keep it off my MAGI?

Thanks