49. Fun Toys, Inc. had an annual profit of $1,500,000. Assume that the corporation pays 45% of profit as federal and state income tax; the remainder is paid to stockholders as dividends. Assuming that stockholders pay 37% of dividends as federal and state income taxes, determine the total percent of income tax paid as a result of the $1,500,000 profit. Write your answer to the nearest tenth of a percent. Name Class ANSWERS 49. 50 (a) Total revenu