Leona, whose marginal tax rate on ordinary income is 37 percent, owns 100 percent of the stock of henley corporation. this year, henley generates $1 million of taxable income. use appendix c. if henley wants to pay all of its after-tax earnings to leona as a dividend, calculate the amount of the dividend payment. calculate leona’s tax due on the dividend computed in part a, and her after-tax cashflow from the dividend receipt. compute the combined corporate and individual tax burden on henley’s $1 million of current year income, and the effective combined tax rate on this income.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Answerprice ceiling;

Answerinternational experience;