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A shareholder received a franked dividend of $350. The corporate tax rate is 30% and the personal marginal tax rate is 45%. Calculate the tax

A shareholder received a franked dividend of $350. The corporate tax rate is 30% and the personal marginal tax rate is 45%. Calculate the tax payable by the shareholder under the dividend imputation system.

$75.00

$150.00

$157.50

$225.00

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