please help me to solve this issue. I tried it before her. the answer was unclear to me. I am attching here what the answer I got from my professor which I dont get it. i dont know how those numbers are gotten here. i am attaching that too. please discard what i have written in hand on the answers..

please help me to understand this question well and answer with understanding in correct way.

13. Tax shields Suppose that Congress sets the top personal tax rate on interest and dividends at 35% and the top rate on realized capital gains at 15%. The corporate tax rate stays at 35% Compute the difference between the total corporate plus person total taxes on equity income if (a) all capital gains are realized imme gains are deferred forever. Assume capital gains are half of equity income. xes paid on debt and the diately and (b) capital Q 13. For $1 of debt income: Penso Corporate tax Personal tax 0.35(1-0) Total tax 0.35pev 3S sol id DNS For $1 of equity income, with all capital gains realized immediately: Corporate tax - 0.35(1)Htss Personal tax 0.330.51-0.35)] 40.15I 0.5(1-0.35)1 Total tax = 0.51 For $1 of equity income, with all capital gains deferred forever Corporate tax 0.35(1) Personal tax0.35 [ 0.5(1-0.35)] Total tax = 0.464