Question 23 (1 point) APJay Inc earns $8 per share before taxes and faces an...
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Question 23 (1 point) APJay Inc earns $8 per share before taxes and faces an average tax rate of 22%. After it has paid taxes, APJay will distribute all its earnings as dividend. The shareholder faces a tax rate of 20% on dividend income. What is the shareholder's tax liability from dividend? $2.640 $1.248 $4.992 $4.528 $1.760
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