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Pineapple, an individual, expects his U.S. based C corporation to generate a profit of $1,200,000 What is Pineapple's after-tax cash flow from the corporation if
Pineapple, an individual, expects his U.S. based C corporation to generate a profit of $1,200,000 What is Pineapple's after-tax cash flow from the corporation if net income after corporate tax is distributed to him as a dividend? Assume Pineapple's marginal tax rate on ordinary income is 37% Pineapple's qualified dividend rate is 20%, and the corporate tax rate is 21%
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