Assume that the corporate tax rate is 32% and the individual (personal) tax rate is 15%. Assume
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Question:
Assume that the corporate tax rate is 32% and the individual (personal) tax rate is 15%. Assume
you are a shareholder of a corporation. Your share of the corporation's pre-tax income is $46,000.
The corporation distributes all after-tax corporate income as dividends. Calculate your total taxes
(including any taxes paid by the corporation).
Present value = $6,800. Interest rate = 5% per year. Time frame = 7 years. Interest is compounded
semi-annually. Calculate the future value.
Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
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