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Question 15 3 pts A corporation with 250,000 shares outstanding earned $1,250,000 this year. You are a shareholder of the corporation and own 10 shares.
Question 15 3 pts A corporation with 250,000 shares outstanding earned $1,250,000 this year. You are a shareholder of the corporation and own 10 shares. After the corporation has paid taxes, it will distribute the rest to you as a dividend. The corporate income tax rate is 21% and your personal income tax rate on dividend income is 15%. What is your effective tax rate on the corporation's earnings? 15% 32.85% O 36% 0 67.15% None of the above
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