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Bryan Houlberg expects his C corporation to generate a profit of $200,000. What is the...

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Accounting

Bryan Houlberg expects his C corporation to generate a profit of $200,000. What is the effective tax rate on the $200,000 if net income after corporate tax is distributed to him as a dividend and his marginal tax rate on ordinary income is 37%?

Multiple Choice

21%

58%

36.8%

37%

Answer & Explanation Solved by verified expert
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