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Consider a S corporation. The corporation earns $2.5 per share before taxes. The corporate tax rate is 35%, the tax rate on dividend income is
Consider a S corporation. The corporation earns $2.5 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 20%. 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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ANSWER To calculate the shareholders earnings from the corporation after all corresponding taxes are ...
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Public Finance In Canada
Authors: Harvey S. Rosen, Ted Gayer, Jean-Francois Wen, Tracy Snoddon
5th Canadian Edition
1259030776, 978-1259030772
