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You are a shareholder in an S corporation . The corporation earns $2 per share before taxes. Once it has paid any applicable taxes it
You are a shareholder in an S corporation. The corporation earns $2 per share before taxes. Once it has paid any applicable taxes it will distribute the rest of its earnings to you as a dividend. The corporate tax rate is 50%, and the personal tax rate on income is 35%. How much is left for you after all taxes are paid?
The amount that remain is $ ____ per share. (Round to two decimal places.)
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