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What is the effect on total taxes if a corporation with $200,000 of taxable income pays a bonus of $50,000 to its single shareholder-owner who
What is the effect on total taxes if a corporation with $200,000 of taxable income pays a bonus of $50,000 to its single shareholder-owner who has $100,000 of other taxable income and is taxed at the 28 percent tax rate? What is the total effective tax rate on the $200,000 of taxable income.
Corporate tax on $200,000 is: $
Tax on dividendis: $
Total tax on $200,000is: $
Effective tax rateis:
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