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Banana, an individual, expects her S corporation to generate ordinary profit of $1,400,000. Banana's marginal tax rate on ordinary income is 37%. What is Banana's
Banana, an individual, expects her S corporation to generate ordinary profit of $1,400,000. Banana's marginal tax rate on ordinary income is 37%. What is Banana's after-tax cash outflow from the S corporation if no cash is distributed? $259,000 $700,000 $882,000 $518,000
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