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Business, 29.01.2021 05:40 girlhooper4life11

The firm earns $4,900,000 per year before taxes, and since it has no need for retained earnings, it pays out all of its earnings as dividends. Assume that the corporate tax rate is 34% and the personal tax rate is 35%. How much more (or less) spendable income would each stockholder have if the firm elected S Corporation status

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The firm earns $4,900,000 per year before taxes, and since it has no need for retained earnings, it...
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