A corporation pays taxes at the flat rate of 39% and has operating profit of $1 million. It pays interest of $250000 and dividends of $300000 to its investors. All investors share the same tax rates: 35% on interest income and 15% on dividend income. What are the total taxes collected by the government? Group of answer choices 425,000.0 350,000.0 395,000.0 522,500.0
A corporation pays taxes at the flat rate of 39% and has operating profit of $1 million. It pays interest of $250000 and dividends of $300000 to its investors. All investors share the same tax rates: 35% on interest income and 15% on dividend income. What are the total taxes collected by the government? Group of answer choices 425,000.0 350,000.0 395,000.0 522,500.0
Chapter2: The Domestic And International Financial Marketplace
Section2.A: Taxes
Problem 2P
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A corporation pays taxes at the flat rate of 39% and has operating profit of $1 million. It pays interest of $250000 and dividends of $300000 to its investors. All investors share the same tax rates: 35% on interest income and 15% on dividend income. What are the total taxes collected by the government?
Group of answer choices
425,000.0
350,000.0
395,000.0
522,500.0
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