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3. Your corporation has a marginal tax rate of 30% and has purchased preferred stock in another company. The before-tax dividend income on the preferred
3. Your corporation has a marginal tax rate of 30% and has purchased preferred stock in another company. The before-tax dividend income on the preferred stock is $4,200. What is the company's after-tax dividend income on the preferred, assuming a 70% dividend exclusion?
a. $2,058
b. $882
c. $3,822
d. $1,260
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