You are a shareholder in a C corporation. The corporation earns $1.74 per share before taxes Once it has paid taxes, it will distribute the rest of its earnings to you as a dividend The corporate tax rate is 40%, and your personal tax rate on (both dividend and non-dividend) income is 30% How much is left for you after all taxes are paid? The amount that remains is $ per share (Round to the nearest cent)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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You are a shareholder in a C corporation. The corporation eams $1.74 per share before taxes. Once it has paid taxes, it will distribute the rest of its earnings to you as a dividend The
corporate tax rate is 40%, and your personal tax rate on (both dividend and non-dividend) income is 30% How much is left for you after all taxes are paid?
The amount that remains is Sper share (Round to the nearest cont)
Gre
Transcribed Image Text:You are a shareholder in a C corporation. The corporation eams $1.74 per share before taxes. Once it has paid taxes, it will distribute the rest of its earnings to you as a dividend The corporate tax rate is 40%, and your personal tax rate on (both dividend and non-dividend) income is 30% How much is left for you after all taxes are paid? The amount that remains is Sper share (Round to the nearest cont) Gre
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