You are a shareholder in a C corporation. The corporation earns $1.77 per share before taxes. Once it has paid​ taxes, it will distribute the rest of its earnings to you as a dividend. The corporate tax rate is 21% and your personal tax rate on​ (both dividend and​ non-dividend) income is 20%. How much is left for you after all taxes are​ paid? The amount that remains is how much per share?  ​(Round to the nearest​ cent.)

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Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.