You are a shareholder in a corporation. The corporation earns $9 per share before taxes. Once it has paid taxes, it will
Posted: Tue Nov 16, 2021 8:34 am
You are a shareholder in a corporation. The corporation earns $9 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 36%, the personal tax rate on dividend income is 35%, and the personal tax rate on other income is 45%. How much is left for you after all taxes are paid? The amount that remains is sper share. (Round to the nearest cent)