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Rainbow [258]
3 years ago
15

You consider that when organizing as a corporation, you will pay taxes at the corporate level (21% tax rate) and when dividends

are distributed to owners (15% tax rate). Instead, you organize as a partnership and pay taxes only at your personal rate (24%). Approximately, how much do you save? (Round to the nearest percent.)
Business
1 answer:
madam [21]3 years ago
8 0

Answer:

9%

Explanation:

Calculation for how much do you save

Using this formula

Percentage saved=Personal rate -Dividend rate

Let plug in the formula

Percentage saved=24%-15%

Percentage saved=9%

Therefore how much do you save is 9%

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