ssume that the corporate tax rate is 34% and the personal tax rate is 30%. The founders of a newly form arnings, so all of its after-tax income will be paid out to its investors, who will have to pay personal taxes an spend under the corporate and partnership forms of organization? a. 21.90% b. 28.56% O c. 23.56% d. 23.80% O e. 22.61%

ssume that the corporate tax rate is 34% and the personal tax rate is 30%. The founders of a newly form arnings, so all of its after-tax income will be paid out to its investors, who will have to pay personal taxes an spend under the corporate and partnership forms of organization? a. 21.90% b. 28.56% O c. 23.56% d. 23.80% O e. 22.61%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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