Bryan Houlberg expects his C corporation to generate a profit of $200,000. What is the effective tax
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Question:
Bryan Houlberg expects his C corporation to generate a profit of $200,000. What is the effective tax rate on the $200.000 if net income after corporate tax is distributed to him as a dividend and his marginal tax rate on ordinary income is 35%?
A. 35%
B. 57.43%
C. 41.03%
D. 39%
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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