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You Own 100 Shares of a Sub Chapter "S" Corporation

Question 8

Multiple Choice

You own 100 shares of a Sub Chapter "S" corporation.The corporation earns $5.00 per share before taxes.Once the corporation has paid any corporate taxes that are due,it will distribute the rest of its earnings to its shareholders in the form of a dividend.If the corporate tax rate is 21% and your personal tax rate on (both dividend and non-dividend) income is 30%,then how much money is left for you after all taxes have been paid?


A) $210
B) $300
C) $350
D) $500

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