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You are a shareholder in a C corporation. The corporation earns $20 per share before taxes. Once it has paid taxes, it Will distribute the

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You are a shareholder in a C corporation. The corporation earns $20 per share before taxes. Once it has paid taxes, it Will distribute the rest of its earnings to you as a dividend. The corporate tax rate is 33%, and the personal tax rate on dividend income is 45%. How much is left for you after all taxes are paid? The amount that remains is $ (Round to 2 decimals.)

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