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What is the after-tax amount an individual would receive

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Reference no: EM132927911

Problem 1: A C corporation earns $8.30 per share before taxes and the company pays the whole profit out as a dividend share. The corporate tax rate is 21%, the personal tax rate on dividends is 15%, and the personal tax rate on non-dividend income is 20%. What is the after-tax amount an individual would receive from the dividend?

A. $7.32

B. $5.57

C. $3.80

D. $5.15

Reference no: EM132927911

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