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  3. you own 7 of acme corporation its earnings before taxes...

Question: you own 7 of acme corporation its earnings before taxes...

Question details

You own 7% of Acme Corporation. Its earnings before taxes are $10,000,000. The corporate tax rate is 33%. The personal tax rate on dividends is 19%. Acme Corporation pays out ll of its earnings as dividends. What are your after-tax earnings on the dividends? Answer to the nearest dollar.
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