Bryan Houlberg expects his C corporation to generate a profit of $200,000. What is the...
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Accounting
Bryan Houlberg expects his C corporation to generate a profit of $200,000. What is the effective tax rate on the $200,000 if net income after corporate tax is distributed to him as a dividend and his marginal tax rate on ordinary income is 37%?
Multiple Choice
21%
58%
36.8%
37%
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