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Assume that Provident Health System ,a for-profit hospital ,has 1 million in taxable income for 2011,and its tax rate is 30 percent. a-Given this information,what

Assume that Provident Health System ,a for-profit hospital ,has 1 million in taxable income for 2011,and its tax rate is 30 percent.

a-Given this information,what is the firm's ne income ?(Hint:net income is what remains after taxes have been paid.

b)Suppose the hospital pays out $ 300,000 in dividends.A stockholder receives $ 10,000.If the stockholder's tax rate on dividends is 15 percent ,what is the after -tax dividend?

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