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A business generates profit of $100,000. The owner has a 37% marginal tax rate. What amount of corporate and individual income tax will be paid on this profit if the business is a regular corporation and no income is distributed?
Stock Repurchase
The process by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares.
Cash Dividends
Payments made by a corporation to its shareholders out of its profits or reserves in the form of cash.
Tax Laws
are the legal rules and regulations governing how individuals, businesses, and other entities are taxed by the government.
Capital Gains
The profit from the sale of a capital asset, such as stocks or real estate, over its purchase price.
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