Problemberkshire hathaway corporation just received 400000, Ask an Expert

Finance

Problem:

Berkshire Hathaway Corporation just received $400,000 as the dividend income of which only 30% is taxed. If the applicable income tax rate is 35% for the company, what is its after tax dividend income? Show all work and provide step by step solution.

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Category:- Basic Finance
Reference No.:- M91145801

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