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  3. g company (cc) s a c corporation. for the year, cc

g Company (CC) s a C corporation. For the year, CC reported taxable income of...

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Accounting

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g Company (CC) s a C corporation. For the year, CC reported taxable income of $564,000 At the end of the yeat, CC distributed all ts after tax earmings to Jimmy, the company's sole shareholder Jimmy's marginal ordinary tax rate is 37 percent and his marginal tax rate on dividends is 23 8 percent, including the net rivestmena income tax. What is the overall tax rate on Cracker and Companys pre-tax income? Multiple Choice 0210% int 667% 398% 238%

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