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You are a shareholder in a C corporation. This corporation earns $4 per share before taxes. After it has paid taxes, it will distribute the

You are a shareholder in a "C" corporation. This corporation earns $4 per share before taxes. After it has paid taxes, it will distribute the remainder of its earnings to you as a dividend. The dividend is income to you, so you will then pay taxes on these earnings. The corporate tax rate is 21% and your tax rate on dividend income is 15%. The effective tax rate on your share of the corporation's earnings is closest to: Select one: A. 33%. B. 15%. C. 50%. D. 45%.

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