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An S corporation earns $5.40 per share before taxes. The corporate tax rate is 35%, the personal tax rate on dividends is 20%, and the

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An S corporation earns $5.40 per share before taxes. The corporate tax rate is 35%, the personal tax rate on dividends is 20%, and the personal tax rate on non-dividend income is 39%. What is the tolal amount of taxes paid I the company pays a $3.00 dividend? A. $2.53 B. $1.68 C. $2.95 D. $2.11

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