Business

4 July, 08:27

You are a shareholder in a corporation which has elected chapter S treatment. The corporation announces a profit of $6 per share, of which it retains $2 for reinvestment and distributes the rest as dividend payments. Given that the personal tax rate is 35%, how much tax must you pay per share? A) $3.90 B) $0C) $2.60 D) $2.10

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