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Amazon had Taxable Income of 13,500,000 in 2009. Calculate the amount of corporate taxes Amazon paid in 2009. Thus, a corporation earning more than $18,333,333
Amazon had Taxable Income of 13,500,000 in 2009. Calculate the amount of corporate taxes Amazon paid in 2009.
Thus, a corporation earning more than $18,333,333 and paying a 40% marginal federal plus state tax rate would normally pay only (0.30) (0.4) = 0.12 = 12% of its dividend income as taxes. If this firm had $10,000 in pretax (B-T) dividend income, its after-tax (A-T) dividend income would be $8,800Step by Step Solution
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