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A firm pays a fully franked cash dividend of $200 to one of its Australian shareholders who has a personal marginal tax rate of 25%.
A firm pays a fully franked cash dividend of $200 to one of its Australian shareholders who has a personal marginal tax rate of 25%. The corporate tax rate is 30%. What will be the shareholder's personal tax payable due to the dividend payment?
a.
-14.2857
b.
50
c.
85.7143
d.
71.4286
e.
-10
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