Question

Dividends of $90,000 were paid at the end of the year. What is the total income tax paid? Use the 2018 rates for c-corp. Assume the top individual rates for all individual income (37%) and ignore obamacare.

Answer 1

90,000 were paid at the end of the year. What is the total income tax paid? Use the 2018 rates for c-corp. Assume the top individual rates for all individual income (37%) and ignore obamacare