Leona, whose marginal tax rate on ordinary income is 37 percent, owns 100 percent of the stock of henley corporation. this year, henley generates $1 million of taxable income. use appendix c. if henley wants to pay all of its after-tax earnings to leona as a dividend, calculate the amount of the dividend payment. calculate leona’s tax due on the dividend computed in part a, and her after-tax cashflow from the dividend receipt. compute the combined corporate and individual tax burden on henley’s $1 million of current year income, and the effective combined tax rate on this income.

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.

Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.

Sports leave thousands of college athletes with little time for their studies. this is an example of