Business, 26.11.2019 03:31 zaniyastubbs9

Superior corporation reported taxable income of $1,000,000 in 20x3. superior paid a dividend of $100,000 to its sole shareholder, mary yooper. superior corporation is subject to a flat rate tax of 21%. the dividend meets the requirements to be a "qualified dividend" and mary is subject to a tax rate of 15% on the dividend. what is the total federal income tax imposed on the corporate income earned by superior including taxes on the amount distributed to mary as a dividend?

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Superior corporation reported taxable income of $1,000,000 in 20x3. superior paid a dividend of $100...

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