Greta Owns 10,000 £1 Ordinary Shares and 5,000 £1 Preference

question 4

Multiple Choice

Greta owns 10,000 £1 ordinary shares and 5,000 £1 preference shares in Jing plc. The preference shares pay a 5% dividend. During the year ended 31 December, she received total dividends of £600 from the company. The dividend paid per ordinary share was:

• A) 12 pence.
• B) 6 pence.
• C) 35 pence.
• D) 3.5 pence.

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Definitions:

Sales And Excise Taxes

Taxes imposed by governments on the sale of goods and services, with excise taxes being specialized taxes on specific goods.

Products

Items or services that are manufactured, developed, or refined for sale to consumers.

Progressive Tax

A tax system where the tax rate increases as the taxable income or amount increases, aiming to equitably distribute the tax burden.

Income Tax Schedules

Tables or charts that determine the amount of tax payable based on income levels, incorporating various tax rates and brackets.