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Egg Inc is a corporation that earns $300,000 for tax year 2019. The marginal individual tax rate applicable to the entitys shareholder is 37% on
Egg Inc is a corporation that earns $300,000 for tax year 2019. The marginal individual tax rate applicable to the entitys shareholder is 37% on ordinary income and 20% on dividends. The corporate tax rate is 21% and the S corporation shareholders receive the full 20% of qualified business income deduction. All after tax income is distributed currently. Please compute the S corporation and C corporations available after-tax earnings.
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