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Lion King, a C-Corp, has pre-tax earnings of $20 million. Itpays 60% of its earnings as dividends. The corporate tax rate is21%, the personal tax

Lion King, a C-Corp, has pre-tax earnings of $20 million. Itpays 60% of its earnings as dividends. The corporate tax rate is21%, the personal tax rate on dividends is 15%, and the personaltax rate 2 answers

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