Homework Answers
Answer:
Acme Corporation's earnings before taxes = $10,000,000
Less, Taxes at 32% = 10000000 * 32% = $3,200,000
Net Income = $10,000,000 - $3,200,000 = $6,800,000
Corporation pays all of its earnings as dividends.
You own 19% of Acme Corporation.
Dividends you receive = $6,800,000 * 19% = $1,292,000
Personal tax rate on dividends = 20%
Your after tax earnings on the dividends = $1,292,000 * (1 - 20%) = $1,033,600
Your after tax earnings on the dividends = $1,033,600
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