3 You own a small business that is finally making money. Based on the information...
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Accounting
3 You own a small business that is finally making money. Based on the information below, 4 calculate your taxes. a. Prepare an Income Statement. 6 Assume the Net Income at the bottom of the Income Statement is to be paid to you as a dividend. b. Calculate the Total Tax (Corporate and Dividend) c. Calculate the Effective Tax Rate. d. If the interest ($250,000) that the company has paid is to you, and taxed at a personal rate of 35%, recalculate the Total Tax and Effective Tax Rate
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