You hold shares in a PharmaInc company. The dividend is considered as an income to you (and hence have to pay taxes on this). The corporate tax rate is 45% and the tax rate on dividend income is 15%. The company currently earns $35 per share before taxes. What the total amount of income after taxes are paid is?

Answer rating: 100% (QA)

To calculate the total amount of income after taxes we need to consider both the corporate tax paid ... View the full answer