Author Question: You are a shareholder in a corporation which has elected chapter S treatment. The corporation ... (Read 910 times)

RODY.ELKHALIL · **on:** Jul 9, 2019

You are a shareholder in a corporation which has elected chapter S treatment. The corporation announces a profit of $6 per share, of which it retains $2 for reinvestment and distributes the rest as dividend payments. Given that the personal tax rate is 35%, how much tax must you pay per share?
◦ $2.60
◦ $0
◦ $3.90
◦ $2.10

katkat_flores · **Reply #1 on:** Jul 9, 2019

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