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13. A C corporation earns $ 7.80 per share before taxes and the company pays a...

13. A C corporation earns $ 7.80 per share before taxes and the company pays a dividend of $ 6.00 per share. 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​ after-tax amount an individual would receive from the​ dividend?

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IF ANY QUERY, FEEL FREE TO ASK Solution Amount Particulars Dividend by company Less: personal tax on dividend 6 x 15% After-t

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