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What is the percentage (rounded) of tax cost from double taxation on $10,000 of pre-tax corporate income distributed to a shareholder in the form of

What is the percentage (rounded) of tax cost from double taxation on $10,000 of pre-tax corporate income distributed to a shareholder in the form of a dividend if the corporation pays 25% in taxes, the individual is in a 45% tax bracket, and the effective marginal dividend tax rate is 35%? Multiple Choice 1% 3% 6% 14%

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