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A firm pays a fully franked cash dividend of $400 to one of its Australian shareholders who has a personal marginal tax rate of 32%.
A firm pays a fully franked cash dividend of $400 to one of its Australian shareholders who has a personal marginal tax rate of 32%. The corporate tax rate is 40%.
What will be the shareholder's personal tax payable due to the dividend payment?
a.
128
b.
266.667
c.
-32
d.
213.333
e.
-53.333
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