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Author Question: A C corporation earns $7.40 per share before taxes. The corporate tax rate is 39%, the personal tax ... (Read 226 times)

ericka1

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A C corporation earns $7.40 per share before taxes.  The corporate tax rate is 39%, the personal tax rate on dividends is 15%, and the personal tax rate on non-dividend income is 36%.  What is the total amount of taxes paid if the company pays a $5.00 dividend?
◦ $2.89
◦ $3.64
◦ $4.00
◦ $0.75


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Marked as best answer by ericka1 on Jul 9, 2019

owenfalvey

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