Consider a S corporation. The corporation earns $1 per share before taxes. The corporate tax rate is

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"Consider a S corporation. The corporation earns $1 per share before taxes. The corporate tax rate is 28%, the tax rate on dividend income is 20%, and the personal income tax rate is set at 25%.

(A) What are the shareholder's earnings from the corporation after all corresponding taxes are paid?

(B) How much is the total effective tax rate on the corporation earnings?

Round each answer to the third decimal space

Posted Date: May 21, 2024 03:05 AM

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Consider a S corporation. The corporation earns $1 per share before taxes. The corporate tax rate is

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