Question: Goren Bridge Construction Co. has two important shareholders: Ms. Queen and the Ace Corporation. Ms. Queen is in a 31 percent combined marginal tax bracket,

Goren Bridge Construction Co. has two important shareholders: Ms. Queen and the Ace Corporation. Ms. Queen is in a 31 percent combined marginal tax bracket, while the Ace Corporation is in a 36 percent combined marginal bracket.
a. If Ms. Queen receives $3.80 in cash dividends, how much in taxes (per share) will she pay?
b. If the Ace Corporation receives $3.80 in cash dividends, how much in taxes (per share) will it pay?

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