Just Blooms Flower Shops Are A Chain Organized As A Corporation Last Year Its Op
Just Blooms Flower Shops are a chain organized as a corporation. Last year its operating income was $ 3,576,000. Its corporate tax rate is 33%. If it plans to distribute 25% of its net income as dividends to its shareholders, how much money will be paid out as dividends assuming a flat tax rate? Note: Dividends are paid out of earnings after taxes are paid.
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