16. A corporations taxable income is $1,500,000. If it distributes its after-tax income to its shareholders whose

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16. A corporation’s taxable income is $1,500,000. If it distributes its after-tax income to its shareholders whose dividend tax rate is 15 percent, what are the total tax and the combined effective tax rate on corporate income?

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Taxation For Decision Makers

ISBN: 9781118091555

2012 Edition

Authors: Shirley Dennis Escoffier

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