Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. roger owns 100% of the shares in teamer inc., a c

Roger owns 100% of the shares in Teamer Inc., a C corporation. Assume the following...

70.2K

Verified Solution

Question

Accounting

Roger owns 100% of the shares in Teamer Inc., a C corporation. Assume the following for the current year: Teamer Inc.s pre-tax income = $16,000 Teamer Incs marginal tax rate = 35% Percentage of after-tax earnings retained by Teamer Inc = 0% (i.e. all after-tax earnings distributed) Rogers dividend tax rate = 5% Given these assumptions, how much cash does Roger have from the dividend after all taxes have been paid? SHOW YOUR WORK.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

The probability of winning the Powerball jackpot on a single given play is 1/175,223,510. Suppose the...

Chemistry
1.2K views

The boron trifluoride molecule is depicted as having three single bonds and an electron-deficient central boron...

Biology
1.2K views

Write a question and answer it. (Question should not be a textbook type, it should be interpretation...

General Management
1.2K views

2. Provide a one page report of your observations of work teams and groups from either...

Physics
1.2K views

The fundamental frequency of a sonometer wire increases by 5 Hz if its tension is...

Basic Math
1.2K views

Verify the identity csct 1 cott OB Choose the sequence of steps below that verifies...

Accounting
1.2K views

Job Costs Using a Plantwide Overhead Rate Perrin Company designs industrial prototypes for outside companies....

Accounting
1.2K views

PA6-4 (Algo) Analyzing Break-Even Point, Target Profit, Degree of Operating Leverage [LO 6-1, 6-2, 6-5]...

Accounting
1.2K views

Kyle Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a...

Accounting
1.2K views

On January 1, 2020, Swifty SA purchased the following two machines for use in its...

Accounting
1.2K views

Which of the following statements are true? Multiple Choice If the trial balance is in...

Finance
1.2K views

1. Make an assumption that a security that you own is currently worth K800 and...