1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Greeley [361]
3 years ago
7

A C corporation earns $ 9.20 per share before taxes and the company pays a dividend of $ 4.00 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?
Business
1 answer:
alexgriva [62]3 years ago
6 0

Answer:

The answer is $4.27

Explanation:

Solution

Given that:

AC corporation earns = $9.2 per share

Pays a dividend of =$4.00

The tax rate (Corporate ) is​ =39%

The tax rate on personal dividends is​= 15%

The tax rate for non-dividend personal  income is​ = 36%

Now,

We must find the after tax rate amount  of after tax rate an individual or a person would earn from the dividend

Thus,

The corporate tax =$9.40 * 39% = 3.67

Personal tax = $4.00 * 15% = 0.6

Now we find the total for the after tax rate

Total = $3.67 + $0.6

= $4.27

Therefore, the after tax rate an individual or a person would earn from the said divided is $4.27

You might be interested in
according to the basic dcf stock valuation model, the value an investor should assign to a share of stock is dependent on the le
Temka [501]

Answer:

T

Explanation:

7 0
3 years ago
Geraths Windows manufactures and sells custom storm windows for three-season porches. Geraths also provides installation service
defon

Answer:

July 1

No Entry

Sep 1

Dr Cash $2,000

Dr Accounts Receivable $400

Dr Cost of goods sold $1,100

Cr Inventory $1,100

Cr Unearned Service Revenue $554

Cr Sales Revenue $1,846

Oct 15

Dr Cash $400

Dr Unearned Service Revenue $554

Cr Service Revenue $554

Cr Accounts Receivable $400

Explanation:

Preparation of the journal entries for Geraths in 2020.

July 1

No Entry

Sep 1

Dr Cash $2,000

Dr Accounts Receivable $400

($2400-$2000)

Dr Cost of goods sold $1,100

Cr Inventory $1,100

Cr Unearned Service Revenue $554

($600/$600+$2000*$2400)

Cr Sales Revenue $1,846

($2,000/$600+$2000*$2400)

Oct 15

Dr Cash $400

($2400-$2000)

Dr Unearned Service Revenue $554

Cr Service Revenue $554

($600/$600+$2000*$2400)

Cr Accounts Receivable $400

($2400-$2000)

5 0
3 years ago
If you invest $50,000 at 10% interest compounded continuously, what is the average amount in your account over one year? (Round
elena55 [62]
50,000*10/100 then you will get an answer 

6 0
4 years ago
If you ask yourself whether you care more about what people think of you as part of their group or whether you care more about s
MaRussiya [10]

Self-awareness discussion is given in the following way

Explanation:

1.Caring about what they think about you: self-awareness, social anxiety or (public) self-consciousness.

2. 7 Practical Ways to Not Care What Other People Think

  • The negative comments someone makes is about them, and not you. ...
  • Be true to yourself.
  • This is your one life.
  • Think, really think, about the absolute worst case scenario.
  • Remove sources of negativity, immediately.
  • Trust a few opinions, but forget the rest.

3.It can inhibit you from living your life, because your entire being (your personality, your thoughts, your actions) are controlled by an idealized standard of what people want to see. When you become so obsessed with other people's opinion of you, you forget your own.

4.People care about what other people think or say about them because they are trying to impress others. They are seeking for validation. ... People also care too much about what others say when they base all their efforts to achieve something that is basically to make other people pleased.

5.Social anxiety disorder (also called social phobia) is a mental health condition. It is an intense, persistent fear of being watched and judged by others. ... But social anxiety disorder doesn't have to stop you from reaching your potential.

5 0
4 years ago
Regan company operates its factory on a two-shift basis and pays a late-shift differential of 15%. regan also pays a premium of
victus00 [196]
The <span>amount of direct labor should Regan charge to work-in-process is the wages at base direct-labor rates, which is $325,000.00.  Shift Differentials and Overtime Premiums are not included,</span>
3 0
3 years ago
Other questions:
  • Zacariah's Nursery has 6,000 shares of stock outstanding at a market price of $20 a share. The earnings per share are $1.54. The
    6·1 answer
  • Fresh Air Sports Rentals began eight years ago in a southern California beachfront hut where Woody and Sandy Belmont rented out
    12·1 answer
  • Food Packaging, Inc., agrees to sell 50,000 6-ounce yogurt containers to Golden Dairy Company. Food can obtain only 20,000 of th
    14·1 answer
  • If the market rate of interest is 8%, a $50,000, 7%, 20-year bond that pays interest semiannually would sell at an amount
    7·1 answer
  • If you sell all of the capacity on a production line, inventory from that line is sold at:
    5·1 answer
  • Lester Moy bought two new Michelin Tires for his car at $99.55 per tire. He was also charged $4.95 per tire for mounting, $2.65
    9·1 answer
  • What is the purpose of minimum wage laws
    9·1 answer
  • A company has preferred stock with a current market price of $18 per share. The preferred stock pays an annual dividend of 4% ba
    14·1 answer
  • On January 1, 2021, Flint Corp. had 459,000 shares of common stock outstanding. During 2021, it had the following transactions t
    11·1 answer
  • Seller Jim tells his agent Brenda that he does not want his home marketed to families with children. Brenda refuses. Which state
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!