Under an Imputation Tax System,what Will Be the Shareholder's Personal

question 41

Multiple Choice

Under an imputation tax system,what will be the shareholder's personal tax liability on $1 of income generated by a company,when 100 per cent of the after- tax income is paid out to the shareholder as a fully franked dividend and the shareholder's personal average tax rate is 47 per cent? The company tax rate is 30 per cent.

• A)$0.24
• B)$0.17
• C)$0.47
• D)$0.30

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Definitions:

Automated External Defibrillator

A portable electronic device that diagnoses and treats cardiac arrhythmias through defibrillation, allowing the heart to reestablish an effective rhythm.

Cable

A thick, strong rope made of wires or fibers twisted together, used for various mechanical, electrical, or structural purposes.

Power

In a healthcare context, may refer to the ability or capacity to do something or act in a particular way, often related to the mobilization of resources for health interventions.

Cardiac Compressions

A lifesaving technique that involves rhythmic pressing on the chest to manually simulate blood flow during cardiac arrest.