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You are a shareholder in a S corporation that has income before taxes of $10 million. After it will distribute the earnings to its shareholders
You are a shareholder in a "S" corporation that has income before taxes of $10 million. After it will distribute the earnings to its shareholders as a dividend. There are 1 million shares outstanding. Assume the corporate tax rate is 34%, and the personal tax rate on dividend income is 17%. As a shareholder with 900 shares, how much will you receive after all taxes are paid?
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