Assume that the corporate tax rate is 32% and the individual (personal) tax rate is 15%. Assume
you are a shareholder of a corporation. Your share of the corporation's pre-tax income is $46,000.
The corporation distributes all after-tax corporate income as dividends. Calculate your total taxes
(including any taxes paid by the corporation). 

 

 

Present value = $6,800. Interest rate = 5% per year. Time frame = 7 years. Interest is compounded
semi-annually. Calculate the future value. 

Answer rating: 100% (QA)

Total taxes Corporate tax Corporate tax rate 32 Pretax income 46000 Corporate tax pretax income corp... View the full answer