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Consider a S corporation. The corporation earns $1.5 per share before taxes. The corporate tax rate is 35%, the tax rate on dividend income is

Consider a S corporation. The corporation earns $1.5 per share before taxes. The corporate tax rate is 35%, the tax rate on dividend income is 20%, and the personal income tax rate is set at 28%. What are the shareholder's earnings from the corporation after all corresponding taxes are paid?How much is the total effective tax rate on the corporation earnings?

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