You are a shareholder in a C corporation. The corporation earns $2.26 per share before taxes. Once it has paid taxes it will distribute the rest of its earnings to you as a dividend. Assume the corporate tax rate is 35% and the personal tax rate on (both dividend and non-dividend) income is 25% .

How much is left for you after all taxes are paid? The amount that remains is $______ (Round to the nearest cent.)

*** I have already tried $1 and $1.02, those answers were in correct ***