You are a shareholder in a C corporation. The corporation earns$ 1.86 per share before taxes. Once it has paid​ taxes, it will distribute the rest of its earnings to you as a dividend. The corporate tax rate is 35 %​, and your personal tax rate on​ (both dividend and​ non-dividend) income is 30%. How much is left for you after all taxes are​ paid? (The amount left per share)(round to nearest cent)

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
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You are a shareholder in a C corporation. The corporation earns$ 1.86 per share before taxes. Once it has paid​ taxes, it will distribute the rest of its earnings to you as a dividend. The corporate tax rate is 35 %​, and your personal tax rate on​ (both dividend and​ non-dividend) income is 30%.

How much is left for you after all taxes are​ paid? (The amount left per share)(round to nearest cent)

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