Assume a corporate tax rate of 35% and an individual tax rate of 33%. Perryton Corp....

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Assume a corporate tax rate of 35% and an individual tax rate of 33%. Perryton Corp. camned S15,000,000 before income taxes d

business accounting

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Answer 1

Answer #1

Answer:

Calculation of taxes:

Total Income	$15,000,000
Divident 40%	$6,000,0000
Profit After Dividend	$9,000,000

Divident Tax rate is 22%

Tax =$6,000,000*22%=$1,320,000/-

Profit Tax Rate =35%

Tax =$9,000,0000*35% =$3,150.000

Total Tax =$1,320,000+$3,150,000 =$4,500,000/-

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Answer 2

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