A corporations taxable income is $1,500,000. If it distributes its after-tax income to its shareholders whose dividend
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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 is the total tax and the combined effective tax rate on this corporate income?
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Related Book For 
Taxation For Decision Makers 2008
ISBN: 9780324654110
2nd Edition
Authors: Shirley Dennis-Escoffier, Karen A. Fortin
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