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[answered] Assume that Grand Canyon Medical Center, a for-profit hospi


Assume that Grand Canyon Medical Center, a for-profit hospital, has $8 million in taxable income for 2016 and its tax rate is 28%. a.? Given this information, what is the firm's net income? ? Place your answer in the box and show your work below. b. Suppose the hospital pays out $750 thousand in dividends.A stockholder receives $17 thousand.If the stockholder's tax rate on dividends is 20%, what is the after-tax dividend? After-tax dividend ? Place your answer in the box and show your work below.


Grand Canyon Medical Center Net Income

 

Taxable income

 

Tax rate Tax expense $8,000,000

 

28% 28%*8,000,000

 

2,240,000 Net Income=Taxable

 

income-Tax expense

 

Net Income 8,000,000-2,240,000

 

$5,760,000...

 


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