Webster Holding Ltd Is a Company Which Owns a Number

question 59

Multiple Choice

Webster Holding Ltd is a company which owns a number of fashion brands. If Webster Holdingmakes a taxable profit of $1,000,000 in the 2012 financial year and the company tax rate is 30%, what is the maximum franking credit that can attach to a dividend paid from that profit?

• A) $700,000
• B) $0
• C) $1,000,000
• D) $300,000

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Definitions:

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