An S corporation earns $6.50 per share before taxes. The corporate tax rate is 35%,...
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Finance
An S corporation earns $6.50 per share before taxes. The corporate tax rate is 35%, the personal tax rate on dividends is 20%, and the personal tax rate on non-dividend income is 39%. What is the total amount of taxes paid if the company pays a $2.00 dividend?
A.
$3.55
B.
$2.54
C.
$2.03
D.
$3.04
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