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

Multiple Choice

You own 100 shares of a Sub Chapter "S" corporation in the U.S.. 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 40% 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