Astro Inc., a private corporation located in Canada, declared and paid a $20,000 capital dividend...
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Astro Inc., a private corporation located in Canada, declared and paid a $20,000 capital dividend to Rodney Smith, the corporations sole shareholder. Rodney's marginal tax rate is 43% for regular income, which translates into an effective tax rate of 31% for dividends. Calculate how much Rodney will get to keep after any tax liabilities. $9,250 $11,400 $13,800 O $20,000
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