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If you reduce your annual salary to $40,000, the firm will have taxable income of $58,000 once your salary reduction is adjusted by a
If you reduce your annual salary to $40,000, the firm will have taxable income of $58,000 once your salary reduction is adjusted by a factor of 1.2 to account for employment taxes and other salary-related effects. What would be the combined amount of corporate and personal tax due in this situation if the firm also paid you a $20,000 dividend? (6%)
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ANS WER The combined amount of corporate and personal tax due would be 8 560 WORK ING 58 000 0 ...
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Applied Corporate Finance
Authors: Aswath Damodaran
4th edition
978-1-118-9185, 9781118918562, 1118808932, 1118918568, 978-1118808931
