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Question : An S corporation is a single tax company. An S Corporation earns $7.90 : 2419

An S corporation is a single tax company. An S Corporation earns $7.90 per share before taxes. The corporate tax rate is 39%, the personal tax rate on dividends is 15%, and the personal tax rate on non-dividend income is 36%. What is the total amount of taxes paid if the company pays a 6 dividend?........ the question is asking for the total amount paid by the company or stockholder? If it is for company it should be $3.08, if it is stock holder it would it be $.090. I'm confused.... no matching answer, what am I doing wrong........I figured it out......Since the S corporation is not double taxed it is taxed at a non dividend income of 36% The answer would be $2.84 and it was correct on my homework....thanks anyways.

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