Roger owns 100% of the shares in Teamer Inc., a C corporation. Assume the following...
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Accounting
Roger owns 100% of the shares in Teamer Inc., a C corporation. Assume the following for the current year: Teamer Inc.s pre-tax income = $16,000 Teamer Incs marginal tax rate = 35% Percentage of after-tax earnings retained by Teamer Inc = 0% (i.e. all after-tax earnings distributed) Rogers dividend tax rate = 5% Given these assumptions, how much cash does Roger have from the dividend after all taxes have been paid? SHOW YOUR WORK.
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