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Scenario 1: Salary of $66,600 with dividends of $8,400 Corporate tax: 3% of $140,000 = $4,200 Personal tax: 12% of ($66,600 + $8,400 - $7,842)
Scenario 1: Salary of $66,600 with dividends of $8,400 Corporate tax: 3% of $140,000 = $4,200 Personal tax: 12% of ($66,600 + $8,400 - $7,842) = $7,915.76
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Managerial Accounting An Introduction to Concepts Methods and Uses
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
10th Edition
1111822239, 324639767, 9781111822231, 978-0324639766
