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Ergotron is a C Corp. Last year Ergotron earned $100,000 in Income Before Taxes. Ergotron then issued a dividend to its owner Egan for
Ergotron is a C Corp. Last year Ergotron earned $100,000 in Income Before Taxes. Ergotron then issued a dividend to its owner Egan for $10,000. The corporate tax rate is 22% and the dividend tax rate is 15%. Between Ergotron and Egan, how much was paid in taxes? $1,500 $24,200 $23,500 $22,000
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