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Question 3, P 1-6 (similar to) HW Score: 25%,2 of 8 points Points: 0 of 1 You are a shareholder in a C corporation. The
Question 3, P 1-6 (similar to)\ HW Score:
25%,2
of 8 points\ Points: 0 of 1\ You are a shareholder in a C corporation. The corporation earns
$2.11
per share before taxes. Once it has paid taxes it will distribute the rest of its earnings to you as a dividend. Assume the corporate tax rate is
25%
and the personal tax rate on all income is
20%
. How much is left for you after all taxes are paid?\ The amount that remains is
$
per share. (Round to the nearest cent.)
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