You are a shareholder in a C corporation. The corporation earns$ 1.86 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 35 %, and your personal tax rate on (both dividend and non-dividend) income is 30%. How much is left for you after all taxes are paid? (The amount left per share)(round to nearest cent)
You are a shareholder in a C corporation. The corporation earns$ 1.86 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 35 %, and your personal tax rate on (both dividend and non-dividend) income is 30%. How much is left for you after all taxes are paid? (The amount left per share)(round to nearest cent)
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter18: Comparative Forms Of Doing Business
Section: Chapter Questions
Problem 11P
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You are a shareholder in a C corporation. The corporation earns$ 1.86 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 35 %, and your personal tax rate on (both dividend and non-dividend) income is 30%.
How much is left for you after all taxes are paid? (The amount left per share)(round to nearest cent)
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