Question: Question 3. (1 Point) You are a shareholder in a C corporation. The corporation earns $5.00 per share before taxes. Once it has paid taxes

 Question 3. (1 Point) You are a shareholder in a C

Question 3. (1 Point) You are a shareholder in a C corporation. The corporation earns $5.00 per share before taxes. Once it has paid taxes it will distribute the rest of its earnings to you as a dividend. Assume the corporate tax rate is 40% and the personal tax rate on (both dividend and non-dividend) income is 30%. How much is left for you after all taxes are paid

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