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A corporation pays taxes at the flat rate of 39% and has operating profit of$1 million. It pay interest of $250000 and dividends of $300000
A corporation pays taxes at the flat rate of 39% and has operating profit of$1 million. It pay interest of $250000 and dividends of $300000 to its investors. All investors share the same tax rates: 35% on interest income and 15% on dividend income, what are the total taxes collected by the government? A 522,500.0 B 350,000.0 395.000.0 14 D 425,000.0
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