Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please explain how to get answer, use formulas Question 2 (1 point) You own 100 shares in a company that earns $4.00 per share before

please explain how to get answer, use formulas image text in transcribed
Question 2 (1 point) You own 100 shares in a company that earns $4.00 per share before taxes, has a corporate tax rate of 30%, and pays out 60% of its after-tax earnings as dividends. The tax rate on dividend income is 15%. What is the total after-tax income you receive from your dividends? $40.80 $95.20 $25.20 $61.20 $142.80

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Remittances And International Development

Authors: Sabith Khan, Daisha Merritt

1st Edition

0367521881, 978-0367521882

More Books

Students also viewed these Finance questions