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14.You are a shareholder in a corporation. The corporation, after paying taxes, will distribute the rest of its earnings to you as a dividend. The

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14.You are a shareholder in a corporation. The corporation, after paying taxes, will distribute the rest of its earnings to you as a dividend. The dividend is income to you, so you will then pay taxes on these earnings. The corporate tax rate is 20% and your tax rate on dividend income is 30%. If the corporation earns $200 of pre-tax income per share, how much aftertax income do you receive from the corporation? a. $100 b. $112 c. $140 d. $160 15. Ehsan purchased one share of APPLE this morning at $177. Which statement is correct regarding the destination of the money used to make this purchase? a. The money lands in the brokerage account of another investor who sold at least one share of APPLE this morning. b. APPLE has $177 more now due to this investment, which can be used to pay the employees or develop new products. c. The money will be kept at a federal agency. d. It is unclear where the money goes

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