Michaels Corp. expects pre-tax profit of $ 40,000. If the ordinary tax rate is 40%, calculate the company's after-tax profit and the profit that can be distributed to ordinary shareholders under the following conditions. The company pays $ 10,000 in interest. The company pays $ 10,000 in dividends on preferred shares. He bought the property for $ 30,000 and sold it for $ 35,000. The company is in a tax-exempt zone of 40% of its assets.

a. Find the gain for each asset.

b. Calculate the sales tax for each asset.

What ethical issues arise when internal participants in a corporation want to buy or sell shares in the company they work for?