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assume that pre-tax profit of $40000 has been earned by a business, and the owner/proprietor wants to withdraw ball of the after-tax profit for personal
assume that pre-tax profit of $40000 has been earned by a business, and the owner/proprietor wants to withdraw ball of the after-tax profit for personal use. Assume the tax rate for a corporation is 21%, while the rate for a person is 27%. The after-taxes (corporate and/ or personal income taxes) earnings available under the corporate and proprietorship forms are
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