Pines Products' pre-tax earnings are $25 million. The corporate tax rate is 21%, and the personal...

  

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Pines Products' pre-tax earnings are $25 million. The corporate tax rate is 21%, and the personal tax rate on dividends is 15%. Pines Products distributed 50% of its earnings as dividends. What are the total taxes paid on these earnings? Pines Products' pre-tax earnings are $25 million. The corporate tax rate is 21%, and the personal tax rate on dividends is 15%. Pines Products distributed 50% of its earnings as dividends. What are the total taxes paid on these earnings?