You own 7% of Acme Corporation. Its earnings before taxes are $10,000,000. The corporate tax rate...
You own 19% of Acme Corporation. Its earnings before taxes are $10,000,000. The corporate tax rate is 32%. The personal tax rate on dividends is 20%. Acme Corporation pays out all of its earnings as dividends. What are your after-tax earnings on the dividends? Answer to the nearest dollar.
15. An S corporation earns $ 9.00 per share before taxes. The corporate tax rate is 39%, the personal tax rate on dividends is 15%, and the personal tax rate on non-dividend income is 36%. What is the total amount of taxes paid if the company pays a $ 6.00 dividend?
Q-1 (10 points) Taxation of Corporate Earnings. You are a stockholder in ACF Inc. Before the corporation taxes, the corporation earns $6 per share. It distributes the rest of its earnings after taxes to its stockholders as dividends. You are given the following tax rates: • Corporate tax rate: 40% • Personal tax on dividend income: 30% • Personal tax on non-dividend income: 35% (a) How much per share is left to you after all the taxes are paid? (b)...
Consider a C corporation. The corporation earns $7 per share before taxes. After the corporation has paid its corresponding taxes, it will distribute 100% of its earnings to its shareholders as a dividend. The corporate tax rate is 35%, the tax rate on dividend income is 28%, and the personal income tax rate is set at 28%. What are the shareholder's earnings from the corporation after all corresponding taxes are paid? Note: Express your answers in strictly numerical terms. For...
You are a shareholder in a C corporation. The corporation earns$ 1.85per 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? You are a shareholder in an S corporation. The corporation earns $ 1.63per share before taxes....
It is 2017. The company you founded called Mineral Gells had earnings before tax of $100,000,000 this year (congratulations!). You are the company’s sole owner. The corporate tax rate is 35%, you are in the 39.6% marginal bracket, and your dividends are taxed at 20%. Mineral Gells is a C-corporation and pays out 50% of its income in the form of dividends. How much do you personally have to pay in taxes, and what is your after-tax dividend?
It is 2018. The company you founded called Mineral Gells had earnings before tax of $100,000,000 this year (congratulations!). You are the company’s sole owner. The corporate tax rate is 21%, you are in the 37% marginal bracket, and your dividends are taxed at 20%. Mineral Gells is a C-corporation and pays out 50% of its income in the form of dividends. How much do you personally have to pay in taxes, and what is your after-tax dividend?
"Consider a S corporation. The corporation earns $3.25 per share before taxes. The corporate tax rate is 40%, the tax rate on dividend income is 13%, and the personal income tax rate is set at 30%. How much is the total effective tax rate on the corporation earnings
Corporate Tax Liability The Talley Corporation had taxable operating income of $305,000 (i.e., earnings from operating revenues minus all operating costs). Talley also had (1) interest charges of $60,000, (2) dividends received of $10,000, and (3) dividends paid of $25,000. Its federal tax rate was 21% (ignore any possible state corporate taxes). Recall that 50% of dividends received are tax exempt. What is the firm's taxable income? Round your answer to the nearest dollar. $ What is the tax expense?...
You are a shareholder in a C corporation. The corporation earns $2.27 per share before taxes. Once it has paid taxes it will distribute the rest of its earnings to you as a are paid? dindend Assume the corporate tax rate is 38% and the personal tax rate on both dividend and non-dividend income is 20% How much is left for you after all taxes The amount that remains is $ per share. (Round to the nearest cent) on