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Do Homework-Allby Nedl-Moil F https://www mathulcornstudentpayert 465037816&questionld-6aflushed-false;&cld.;\" .. 120% SAM 3100 Online Spring 2017-2018 Abby Neff 1 1/17/18 8:14 PM Homework: Chapter 1 Save Homework Score: 0 of 1 pt P 1-7 (similar to) 9 of 18 (7 complete) HW Score: 33.33%, 6 of 18 pts Question Help You are a shareholder in an S corporation The corporation earns $2 31 per share before taxes. As a pass through entity, you will receive $231for each share that you own Your margnal tax rate s 35% How mch per share s left for you aner al taxes are pain Amount that remains is s per share (Round to the nearest cent) Enter your answer in the answer box and then click Check Answer Clear All Check Answe ^

Solution

Amount that remains = Price per share - (Price per share X Tax Rate) Amount that remains = $2.31 - ($2.31 X 35%) Amount that remains = $2.31 - $0.81 Amount that remains = $1.50 (Approx.)