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ASAP I'll give upvote Suppose that the government has a wealth tax at the...

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Accounting

imageASAP I'll give upvote

Suppose that the government has a wealth tax at the rate of 2% on the assessed value of wealth. Suppose that Wendy has invested all her wealth in a private corporation. Her wealth amounts to $4,000,000 in shares of this company. Suppose that this stock delivers a dividend income of $200,000 per year. Assume there is no inflation and that interest rates are 3%. Show your work. 1. Wendy's wealth tax liability is $ 2. Wendy's shares generate a net of tax income is $ per year. 3. Suppose a Conservative party were elected on a platform of eliminating the wealth tax. The value of Wendy's shares if the wealth tax was eliminated would be $

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