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You are a shareholder of a C corporation. The company earned $7 million before taxes and has 500,000 shares outstanding. The corporate tax rate

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You are a shareholder of a C corporation. The company earned $7 million before taxes and has 500,000 shares outstanding. The corporate tax rate is 21%. Your dividend income is taxed at 20%. The company declared and paid dividends of $4 per share. You hold 1000 shares of this corporation. What is your after tax dividend income? Select one: a. $8,848 b. $11,200 c. $14,000 d. $3,200 e. $2,528

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