You are a shareholder in a corporation which has elected subchapter S tax treatment. The corporation announces a revenue of $6 per share, of which it retains $1 for reinvestment and distributes the rest as dividend payments. Given that the personal tax rate is 34.72%, how much tax must you pay per share? (round your answers to two decimal places)

You are a shareholder in a corporation which has elected subchapter S tax treatment. The corporation announces a revenue of $6 per share, of which it retains $1 for reinvestment and distributes the rest as dividend payments. Given that the personal tax rate is 34.72%, how much tax must you pay per share? (round your answers to two decimal places)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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