You are a shareholder in a C corporation. The corporation earns $2.05 per share before taxes. Once it has paid taxes it will distribute the rest of its earnings to you as a dividend Assume the corporate tax rate is 25% and the personal tax rate on all income is 20% How much is left for you after all taxes are paid? The amount that remains is $ per share (Round to the nearest cent) CITE

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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You are a shareholder in a C corporation. The corporation earns $2.05 per share before taxes. Once it has paid taxes it will distribute the rest of its earnings to you as a dividend Assume the
corporate tax rate is 25% and the personal tax rate on all income is 20% How much is left for you after all taxes are paid?
The amount that remains is $ per share. (Round to the nearest cent.)
Transcribed Image Text:↑ You are a shareholder in a C corporation. The corporation earns $2.05 per share before taxes. Once it has paid taxes it will distribute the rest of its earnings to you as a dividend Assume the corporate tax rate is 25% and the personal tax rate on all income is 20% How much is left for you after all taxes are paid? The amount that remains is $ per share. (Round to the nearest cent.)
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