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areholders be taxed on the retained earnings? No resultsOptions v 0 Required information The following information appililes to the questions displayed below. For the current

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areholders be taxed on the retained earnings? No resultsOptions v 0 Required information The following information appililes to the questions displayed below. For the current year, Custom Craft Services Inc. (CCS), a C corporation, reports taxable income of S 260,000 before paying salary to Jaron the sole shareholder. Jaron's marginal tax rate on ordinary Income is 35 percent and 15 percent on dividend Income. Assume CCS's tax rate is 35 percent a. How much total Income tax will Custom Craft Services and Jaron pay (combining both corporate and shareholder level taxes) on the $260,000 taxable Income for the year if CCS doesnt pay any salary to Jaron and instead distributes all of ts after tax income to Jaron as a dividend (assume Jaron is not subject to the net Investment Income tax or the additional Medicare tax)? ??Prev .: 1718 or 26 ?ll Next? pe here to search 0 [D

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