Leona, whose marginal tax rate on ordinary income is 37 percent, owns 100 percent of the stock of henley corporation. this year, henley generates $1 million of taxable income. use appendix c. if henley wants to pay all of its after-tax earnings to leona as a dividend, calculate the amount of the dividend payment. calculate leona’s tax due on the dividend computed in part a, and her after-tax cashflow from the dividend receipt. compute the combined corporate and individual tax burden on henley’s $1 million of current year income, and the effective combined tax rate on this income.