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You are a shareholder in a corporation which has elected chapter S treatment. The corporation announces a profit of $6 per share, of which it retains $2 for reinvestment and distributes the rest as dividend
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You are a shareholder in a corporation which has elected chapter S treatment. The corporation announces a profit of $6 per share, of which it retains $2 for reinvestment and distributes the rest as dividend payments. Given that the personal tax rate is 35%, how much tax must you pay per share? A) $3.90 B) $0C) $2.60 D) $2.10

User Tvl
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6 votes

Answer:

c

Step-by-step explanation:

four multiplied by tax percentage

User Danivalentin
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