You are a shareholder in a C corporation. The corporation earns $1.87 per share before...
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Accounting
You are a shareholder in a C corporation. The corporation earns $1.87 per share before taxes. Once it has paid taxes it will distribute the rest of its earnings to you as a dividend. Assume the corporate tax rate is 38% and the personal tax rate on (both dividend and non-dividend) income is 20%. How much is left for you after all taxes are paid? The amount that remains is $ nothing per share.(Round to the nearest cent.)
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