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Consider a S corporation. The corporation earns $2.9 per share before taxes. The corporate tax...

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Finance

Consider a S corporation. The corporation earns $2.9 per share before taxes. The corporate tax rate is 33%, the tax rate on dividend income is 25%, and the personal income tax rate is set at 38%. How much is the total effective tax rate on the corporation earnings? Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, enter 0.05 as an answer; or if the answer is $500, write enter 500 as an

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