You are a shareholder in a corporation. The corporation earns $20 per share before taxes. After it has paid taxes, the corporation chooses to retain this cash. The corporate tax rate is 30% and your tax rate on dividend income is 10% How much of the earnings remain after all taxes are paid? Selected Answer: a. 14$ Answers a. 14$
You are a shareholder in a corporation. The corporation earns $20 per share before taxes. After it has paid taxes, the corporation chooses to retain this cash. The corporate tax rate is 30% and your tax rate on dividend income is 10% How much of the earnings remain after all taxes are paid? Selected Answer: a. 14$ Answers a. 14$
Chapter17: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 11DQ
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