Question: A company earned $ 2 3 0 , 0 0 0 of ordinary income during the year. In addition, they have a $ 3 ,

A company earned $230,000 of ordinary income during the year. In addition, they have a $3,000 long-term capital gain. The company is owned 100% by Nathan. During the year, the business distributed $12,000 in cash to Nathan. Nathan has an individual ordinary tax rate of 28% and a capital gains tax rate of 15%.
Assume the business is organized as a proprietorship. What is Nathan's after-tax cash flow from owning the business this year?

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