You are a shareholder in a corporation. The corporation earns $3 per share before taxes Once it has paid taxes, it will distribute the rest of its earnings to you as a dividend.
The corporate tax rate is 36%, the personal tax rate on dividend income is 35% and the personal tax rate on other income is 45%.
How much is left for you after all taxes are paid? The amount, that remains is I per share (Round to the nearest cent).