Question
24. Assume a corporate tax rate of 30% and a company NPAT of $300million. The company pays out $100million in franked dividends, what is effective
24. Assume a corporate tax rate of 30% and a company NPAT of $300million. The company pays out $100million in franked dividends, what is effective corporate tax rate of the company?
A. 31%.
B. 17%.
C. 15%.
D. 44%.
E. 22%.
answer is E, thanks
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
The Company Valuation Playbook Invest With Confidence
Authors: Charles Sunnucks
1st Edition
1838470816, 978-1838470814
