2) 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? A) $3.90 B) $O C) $2.60 D) $2.10 3) A C corporation earns $4.50 per share before taxes. The corporate tax rate is 35%, the personal tax rate on dividends is 20%, and the personal tax rate on non-dividend income is 39%. What is the total amount of taxes paid if the company pays a $2.00 dividend? A) $0.90 B) $1.98 C) $1.58 D) $2.48