Banana, an individual, expects her S corporation to generate ordinary profit of $3,300,000. Banana's marginal tax rate on ordinary income is 37%. What is Banana's after-tax cash outflow from the S...

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Banana, an individual, expects her S corporation to generate ordinary profit of<br>$3,300,000. Banana's marginal tax rate on ordinary income is 37%. What is Banana's<br>after-tax cash outflow from the S corporation if no cash is distributed?<br>O $1.221.000<br>O $610,500<br>O $1.650,000<br>O $2.079,000<br>

Extracted text: Banana, an individual, expects her S corporation to generate ordinary profit of $3,300,000. Banana's marginal tax rate on ordinary income is 37%. What is Banana's after-tax cash outflow from the S corporation if no cash is distributed? O $1.221.000 O $610,500 O $1.650,000 O $2.079,000

Jun 10, 2022

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Banana, an individual, expects her S corporation to generate ordinary profit of $3,300,000. Banana's marginal tax rate on ordinary income is 37%. What is Banana's after-tax cash outflow from the S...

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