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A firm now operates as a regular corporation (i.e. a C-Corp). The firm earns $360,860 per year before taxes and pays out all its earnings

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A firm now operates as a "regular" corporation (i.e. a C-Corp). The firm earns $360,860 per year before taxes and pays out all its earnings as dividends. Assume that the firm's corporate tax rate is 30 percent, and that the firm has only one owner who faces a personal income tax rate of 26 percent. What is the spendable income for the owner of the C-Corporation? Round your answer to the nearest whole dollar

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