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Question 21 10 pts W whose marginal tax rate on ordinary income is 37 percent and special rate on qualified dividends is 20 percent owns

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Question 21 10 pts W whose marginal tax rate on ordinary income is 37 percent and special rate on qualified dividends is 20 percent owns 100 percent of the stock of X Corporation. This year, X generates $1 million of taxable income is subject to a 21% corporate tax rate. If X wants to pay all of its after tax earnings to Wasa dividend compute W's after tax cash now from the dividend receipt

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