In 2019, McDonald's Corporation had revenue (sales) of $20 Billion and costs of $10 Billion. Assuming the

Fantastic news! We've Found the answer you've been seeking!

Question:

In 2019, McDonald's Corporation had revenue (sales) of $20 Billion and costs of $10 Billion. Assuming the corporate tax rate is 20%, the dividend tax rate is 15%, and that the firm pays out 100% of its profits as dividends, how much will shareholders of McDonald's collectively owe in taxes?