A corporation has taxable income of $1,500,000 If it distributes its after tax income to its shareholders whose dividend tax rate is 15 percent, what are the total tax and the combined effective tax rate on corporate income ...

658500 total tax and 439 effective rate 15000 ...

A corporation has taxable income of $1,500,000. If it distributes its after-tax income to its shareholders whose

Question:

A has taxable income of $1,500,000. If it distributes its after-tax income to its shareholders whose tax rate is 15 percent, what are the total tax and the combined effective tax rate on corporate income?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...