thank you! You are a shareholder in a corporation which has...
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You are a shareholder in a corporation which has elected subchapter S tax treatment. The corporation announces a profit of $5 per share, of which it retains $2 for reinvestment and distributes the rest as dividend payments. Given that the personal tax rate is 35%, how much tax must you pay per share? A. $175 B. $1.05 C. $2.1 D. $0
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