What is the total amount of taxes paid

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Reference no: EM131183228

A C corporation earns $4.50 per share before taxes. The corporate tax rate is 35%, the personal tax rate on dividends is 20%, and the personal tax rate on non-dividend income is 39%. What is the total amount of taxes paid if the company pays a $2.00 dividend?

A) $2.48 B) $1.98 C) $0.90 D) $1.58

Reference no: EM131183228

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