Assume that the corporate tax rate is 40% and the personal tax rate is 10%. If a corporation generates $200 per share before taxes, gives all of the earnings to shareholders and Adam Smith owns one share. What will be the TOTAL tax Adam Smith pays on the $200 the company generates for him?

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Answer rating: 100% (QA)

Heres the calculation of the total tax Adam Smith pays on the 200 Step 1 Calculate ... View the full answer