Chapter2: The Domestic And International Financial Marketplace
Section2.A: Taxes
Problem 2P
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![(MORNING)
AC corporation earns $4.30 per share before taxes. The corporate tax rate is 35%, the personal tax rate on dividends is 20%, and the personal tax rate on non-dividend income is 39%. What is the total amount of taxes paid if the company pay
$2.00 dividend?
This questuon: 10 polniS) possibie
O A. $2.29
O B. $2.67
OC. $1.91
O D. $1.52
O Time Remaining: 00:50:30
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Transcribed Image Text:(MORNING)
AC corporation earns $4.30 per share before taxes. The corporate tax rate is 35%, the personal tax rate on dividends is 20%, and the personal tax rate on non-dividend income is 39%. What is the total amount of taxes paid if the company pay
$2.00 dividend?
This questuon: 10 polniS) possibie
O A. $2.29
O B. $2.67
OC. $1.91
O D. $1.52
O Time Remaining: 00:50:30
Next
O tv
MacBook Air
DII
DD
80
F12
F9
F10
F11
esc
F5
F6
F7
F8
F1
F2
F3
F4
@
$
&
delete
%3D
1
2
4
7
{
Y
U
P
Q
W
E
tab
J
K
= -
.. ..
-
*
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