Question

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

Answer 1

c

Step-by-step explanation:

four multiplied by tax percentage