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Consider a S corporation. The corporabion earns $14 per share belore taxes. The corporate tax rate is 43%, the tax rate on dividend income is
Consider a S corporation. The corporabion earns $14 per share belore taxes. The corporate tax rate is 43%, the tax rate on dividend income is 27%, and the personal income tax rate is set at 28%. How much is the total effective tax rato on the corporation eamings? NOTE: Answer in percentages, that is if your answer is 0.40 , you must input 40.00 . Do not use the " % " sign
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