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You hold shares in a PharmaInc company. The dividend is considered as an income to you (and hence have to pay taxes on this). The
You hold shares in a PharmaInc company. The dividend is considered as an income to you (and hence have to pay taxes on this). The corporate tax rate is 45% and the tax rate on dividend income is 15%. The company currently earns $35 per share before taxes. What the total amount of income after taxes are paid is
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
978-0077861681
