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Assume a corporate tax rate of 35% and an individual tax rate of 33%. Perryton Corp. eamed 515,000,000 before income taxes during the year. Perryton

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Assume a corporate tax rate of 35% and an individual tax rate of 33%. Perryton Corp. eamed 515,000,000 before income taxes during the year. Perryton kept 60% of after-tax profits inside the company to support future growth, and paid the rest as a dividend. How much total tax would have been paid to the Internal Revenue Service (IRS) by all related parties? Numeric Response

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