A C corporation earns $8.30 per share before taxes. The corporate tax rate is 39%, the personal tax rate on dividends is 15%, and the personal tax rate on non-dividend income is 36%
What is the total amount of taxes paid if the company pays a $6.00 dividend?
A) $3.31
B) $4.96
C) $4.14
D) $5.79
Answer: C
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