I suggest you seek in-person guidance from a tax professional who is well-versed in a scenario such as the one you delineated.
Having written that, you must pay reasonable compensation to yourself as a shareholder-employee in return for your services to the corporation.
See https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-compensation-and-medical...
Consequently, a large percentage of your S corporation's profit will be returned to you in the form of a salary for your services (reported on a W-2 since you are an employee of the corporation). The balance of the profit will be reported to you on the K-1 that you will receive as the sole shareholder and, in turn, that figure will be reported on your individual income tax return as ordinary income (but not subject to self-employment tax).
In sum, with $24,000 in annual profit, you could probably get away with reporting circa $17,000 in salary and $7,000 in non-salary/wage, taxable, distributions. Regardless, considering the nature of this issue, you would be well-advised to consult with an experienced tax professional.
[Note that, as sole shareholder, your S corporation net profit is taxable to you irrespective of whether it is distributed to you or retained by the corporation]
