i need only answers of Exercise 4 and answers of exercise 4 and exercise 5 (i donot need answer of exercise3)

Exercise 3. You are a shareholder in a corporation. The corporation carns $15 per share before taxes. After it has paid taxes, it will distribute the rest of its earnings to you as a dividend (we make this simplifying assumption but should note that most corporation retain some of their earnings for reinvestment). The dividend is income to you, so you will then pay taxes on these carnings. The corporate tax rate is 35% and your tax rate on dividend income is 20% 1. Calculate the corporation camnings after taxes. 2. Calculate the tax amount on your dividend. 3. After paying taxes, what will be your camnings amount? 4 How much of the camnings remains after all taxes are paid 5. Calculate the total effective tax rate Exercise 4. You are a shareholder in a Scorporation. The corporation carns $15 per share before taxes. All camings are distributed to you as a dividend. The dividend is income to you, so you will then pay taxes on these earnings. Your tax rate on dividend income is 2016 1. Calculate the tax amount on your dividend. 2. After paying taxes, what will be your camnings amount? 3. Compare your results to the results of Exercise 3 Exercise 4. You are a shareholder in a corporation. The corporation cams $8 per share before taxes. After it has paid taxes, it will distribute 65% of the earnings to you as a dividend. The dividend is income to you, so you will then pay taxes on these earning The corporate tax rate is 40% and your tax rate on dividend income is 25% 1. Calculate the corporation camnings after taxes. 2. Calculate the tax amount on your dividend. 3. After paying taxes, what will be your camnings amount? 4. How much of the camnings remains after all taxes are paid? 5. Calculate the total effective tax rate Exercise 5. You are a shareholder in a Scorporation. The corporation cams $8 per share before taxes. The corporation distribute 65% of the camnings to you as a dividend. The dividend is income to you, so you will then pay taxes on these earnings. Your tax rate en dividend income is 25% 1 Calculate the tax amount on your dividend. 2. After paying taxes, what will be your camnings amount? 3. Compare your results to the results of Exercise 4