Ask Question
31 August, 12:15

What is the amount of the overall tax (corporate level + shareholder level) on the $590.000 of pre-interest expense earnings if hazel, Nutt's sole shareholder lends Nutt corporation $61.500 at the beginning of the year, Nutt pays Hazel $7200 of interest on the loan (interest is considered to be reasonable), and Nutt distributes all of its after-tax earnings to hazel (ignore the net investment income tax) ? assume hazel's ordinary marginal tax rate 35 percent and her dividend tax rate is 15 percent

+3
Answers (1)
  1. 31 August, 13:14
    0
    If my math is correct 54,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What is the amount of the overall tax (corporate level + shareholder level) on the $590.000 of pre-interest expense earnings if hazel, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers