CasSandra Mitchell

FIN 534
Assignment Week 1
Chapter 1 #s 6 and 7

6. $2.00 x 40% = .80 Tax (corporate tac)

$2.00 - .80 = $1.20
$1.20 x 40% = .36 Tax (personal tax)

1.20 - .36 = $.84 Is left after all taxes are paid

7. $2.00 x 30% = .60 (dividend tax)

$2.00 - .60 = $1.40 what’s left after dividend tax