Examlex
Rodger owns 100% of the shares in Trevor Inc., a C corporation. Assume the following for the current year:Trevor Inc.'s pre-tax income = $16,000Trevor Inc.'s marginal tax rate = 35%Percentage of after-tax earnings retained by Trevor Inc. = 0% (i.e. all after-tax earnings distributed)Rodger's dividend tax rate = 5%Given these assumptions, how much cash does Rodger have from the dividend after all taxes have been paid?
Mormon Missionary
A member of the Church of Jesus Christ of Latter-day Saints who dedicates time to proselytize, evangelize, or perform service.
Illusory Correlation
The perception of a relationship between two variables when no such relationship actually exists.
Supreme Court
The highest judicial court in a country or state, which has the final authority over all legal disputes.
Theory Perseverance
Proposes that once the mind draws a conclusion, it tends to stick with that conclusion unless there is overwhelming evidence to change it.
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