Under an Imputation Tax System,what Will Be the Dividend After

question 27

Multiple Choice

Under an imputation tax system,what will be the dividend after tax 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)$0.34
• B)$0.60
• C)$0.53
• D)$0.47

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Definitions:

Fixed Portion

The part of a cost or expense that remains constant regardless of changes in the level of activity or volume of production.

Variable Selling

Selling expenses that change in proportion to the volume of sales, such as commissions.

High-low Method

An accounting technique used to estimate variable and fixed costs from the highest and lowest levels of activity.

Variable Component

Part of a cost or expense that varies directly with the level of activity, production, or sales.