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You are a shareholder in a C corporation. The corporation earns $ 1.52$1.52 per share before taxes. Once it has paid taxes, it will distribute
You are a shareholder in a C corporation. The corporation earns
$ 1.52$1.52
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
38 %38%,
and your personal tax rate on (both dividend and non-dividend) income is
20 %20%.
How much is left for you after all taxes arepaid?
The amount that remains is
$ per share.(Round to the nearest cent.
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