Calculate the After-Tax Return to a Shareholder Assuming a Dividend

question 19

Multiple Choice

Calculate the after-tax return to a shareholder assuming a dividend imputation system is used in Australia (if the dividend is fully franked) .The shareholder is currently subject to a marginal tax rate of 40% and receives a dividend of $700 per annum.The corporate tax rate is equal to 30%.

• A)$350
• B)$600
• C)$700
• D)$420
• E)$490

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