QUESTION 7 Assume that a business has earned Net Income of $200,000 in a given year and that the corporate tax rate is 21%. Individuals are taxed at a rate of 15% on dividends received from corporations and at a rate of 30% on all other income, including profits of unincorporated businesses that they own. How much of the profit is available to the owner of the business after all taxes if the business is organized as a corporation? A $170,000 $140,000 $158,000 D. $134,300