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Question - Tremaine would like to organize UTA as either an S Corporation or a C corporation. In either form, the entity will generate a 9 percent annual before-tax return on a $1,000,000 investment. Tremaine's marginal income tax rate is 37 percent, and his tax rate on dividends and capital gains is 23.8 percent (including the net investment income tax). If Tremaine organizes UTA as an S corporation, he will be allowed to claim the deduction for qualified business income. Also, because Tremaine will participate in UTA's business activities, the income from UTA will not be subject to the net investment income tax. Assume that UTA will pay out 25 percent of its after-tax earnings every year as a dividend if it is formed as a C corporation.
Required - What is the overall tax rate on UTA's income in the first year if UTA is organized as an S corporation or as a C corporation?
Two 25-year old maturity mortgage- backed bonds are issued. the first bond has a par value of $10000 and promise to pay a 10.5% annual coupon while the second is a zero coupon bond that promises to pay $10000 (par) after 25 years, including accrue..
lagreca company uses the lower of cost or market method on an individual-item basis in pricing its inventory items. the
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