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Remaining Time: 1 hour, 10 minutes, 26 seconds. Question Completion Status: 0.1692 QUESTION 20 25 points Consider a C corporation. The corporation earns $9 per share before taxes. After the corporation has paid its corresponding taxes, it will distribute 87% of its earnings to its shareholders as a dividend. The corporate tax rate is 39%, the tax rate on dividend income is 28%, and the personal income tax rate is set at 21%. How much is the total effective tax rate on the corporation earnings? QUESTION 21 5 points Consider a C corporation. The corporation earns $9 per share before taxes. After the corporation has paid its corresponding taxes, it will distribute 81% of its earnings to its shareholders as a dividend. The corporate tax rate is 37%, the tax rate on dividend income is 29%, and the personal income tax rate is set at 21%. What are the shareholder's earnings from the corporation after all corresponding taxes are paid? Save All Me Click Save and Submit to save and submit. Click Save All Answers to see all