Superior corporation reported taxable income of $1,000,000 in 20x3. superior paid a dividend of $100,000 to its sole shareholder, mary yooper. superior corporation is subject to a flat rate tax of 21%. the dividend meets the requirements to be a "qualified dividend" and mary is subject to a tax rate of 15% on the dividend. what is the total federal income tax imposed on the corporate income earned by superior including taxes on the amount distributed to mary as a dividend?

$225,000

Explanation:

Federal corporate income tax (21% flat rate)

$1,000,000 x 21% = $210,000

Federal dividend tax (15%).

$100,000 x 15% = $15,000

Dividens are neither expenses nor deductible, so they do not reduce the amount of corporate taxable income. Therefore we must add up the two quantities.

$210,000 + $15,000 = $225,000

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.