Your corporation has a marginal tax rate of 30% and has purchased preferred stock in another company. The before-tax dividend income on the preferred stock is $4,200. What is the company's after-tax dividend income on the preferred, assuming a 70% dividend exclusion? $1,260 $882 $2,058 $3,822

Your corporation has a marginal tax rate of 30% and has purchased preferred stock in another company. The before-tax dividend income on the preferred stock is $4,200. What is the company's after-tax dividend income on the preferred, assuming a 70% dividend exclusion? $1,260 $882 $2,058 $3,822