True/False
Joe owns 500 shares of stock in the Megabux Corporation.He is pleased to learn that the company earned a very nice profit over the most recent operating period.The company has announced that they will pay each shareholder a dividend of $1 per share out of the after-tax profits.Because Megabux has already paid taxes on this profit,this payment will represent tax-free income to Joe.
Correct Answer:
Verified
Correct Answer:
Verified
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