Bryan Houlberg Expects His C Corporation to Generate a Profit

question 12

Multiple Choice

Bryan Houlberg expects his C corporation to generate a profit of $200,000.What is the effective tax rate on the $200,000 if net income after corporate tax is distributed to him as a dividend and his marginal tax rate on ordinary income is 39.6%?

• A)35%
• B)59.6%
• C)44.5%
• D)39.6%

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Definitions:

Solidarity Theory

Suggests that social movements are social organizations that emerge when potential members can mobilize resources, take advantage of new political opportunities, and avoid high levels of social control by authorities.

Power Struggle

A conflict or competition for authority and control among individuals or groups.

Disadvantaged Groups

This refers to segments of the population that experience inequality, lack of access to resources, or societal marginalization, often due to systemic factors like racism, sexism, or economic disparities.

Violence

The use of physical force or power, threatened or actual, against oneself, another person, or against a group or community, that either results in or has a high likelihood of resulting in injury, death, psychological harm, maldevelopment, or deprivation.