Corporate tax : Double taxation 10 individuals founded a company in year 1. Each one has paid 100 . . O In Year 1 the society produces a profit of 30 , that shareholders decide to maintain in the society as a retained earnings, so they don't receive any dividend. In Year 2 the society produces 50 , 30 are retained earnings and the remaining 20 are distributed through shareholders. In Year 3 the profit is 80: 40 retained earnings and 40 distributed . (1) Manolo is one of these shareholders. He has obtained every year 300 from other sources. At the beginning of year 4, Manolo sold his shares for 150 . Calculate: - The corporate tax (tax rate 25%) paid by the company - The benefit received by Manolo each year (remember to discount the CT paid by the company) - Total income tax (tax schedule from unit 4) pay by Manolo. Can you calculate which amount corresponds to Manolo's dividend? - Calculate double taxation for Manolo's shares in every period. Corporate tax : Double taxation 10 individuals founded a company in year 1. Each one has paid 100 . . O In Year 1 the society produces a profit of 30 , that shareholders decide to maintain in the society as a retained earnings, so they don't receive any dividend. In Year 2 the society produces 50 , 30 are retained earnings and the remaining 20 are distributed through shareholders. In Year 3 the profit is 80: 40 retained earnings and 40 distributed . (1) Manolo is one of these shareholders. He has obtained every year 300 from other sources. At the beginning of year 4, Manolo sold his shares for 150 . Calculate: - The corporate tax (tax rate 25%) paid by the company - The benefit received by Manolo each year (remember to discount the CT paid by the company) - Total income tax (tax schedule from unit 4) pay by Manolo. Can you calculate which amount corresponds to Manolo's dividend? - Calculate double taxation for Manolo's shares in every period