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3. Assume that the corporate tax rate is 32% and the individual (personal) tax rate is 15%. Assume you are a shareholder
Posted: Thu May 05, 2022 8:26 am
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- 3 Assume That The Corporate Tax Rate Is 32 And The Individual Personal Tax Rate Is 15 Assume You Are A Shareholder 1 (15.66 KiB) Viewed 38 times
3. Assume that the corporate tax rate is 32% and the individual (personal) tax rate is 15%. Assume you are a shareholder of a corporation. Your share of the corporation's pre-tax income is $46,000. The corporation distributes all after-tax corporate income as dividends. Calculate your total taxes (including any taxes paid by the corporation).