You are a shareholder in an S corporation. The corporation earns $8.5 per share before taxes. Once it has paid any applicable taxes it will distribute the rest of its earnings to you as a dividend. The corporate tax rate is 1.9%, and the personal tax rate on income is 7.1 %. How much is left for you after all taxes are paid? The amount that remain is $ per share. (Round to two decimal places.)
You are a shareholder in an S corporation. The corporation earns $8.5 per share before taxes. Once it has paid any applicable taxes it will distribute the rest of its earnings to you as a dividend. The corporate tax rate is 1.9%, and the personal tax rate on income is 7.1 %. How much is left for you after all taxes are paid? The amount that remain is $ per share. (Round to two decimal places.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:You are a shareholder in an S corporation. The corporation earns $8.5 per share before taxes. Once it has paid any applicable taxes it will distribute the rest of its earnings to you as a dividend. The corporate
tax rate is 1.9%, and the personal tax rate on income is 7.1 %. How much is left for you after all taxes are paid? The amount that remain is $ per share. (Round to two decimal places.)
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