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An S corporation earns $4.7 per share before taxes. The corporate tax rate is 35%, the personal tax rate on dividends is 20%, and the

An S corporation earns $4.7 per share before taxes. The corporate tax rate is 35%, the personal tax rate on dividends is 20%, and the personal tax rate on nondividend income is 39%. What is the total amount of taxes paid if the company pays a $2 dividend?

A. $2.2

B. $1.83

C. $1.47

D. $2.57

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