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An investor has a marginal tax rate of 37 per cent and an average tax rate of 32 per cent this year. The appropriate tax
An investor has a marginal tax rate of 37 per cent and an average tax rate of 32 per cent this year. The appropriate tax rate to be applied on the dividend income generated from their share investment is:
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| a) | the average tax rate. |
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| b) | the marginal tax rate. |
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| c) | either one. |
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| d) | none of the above. |
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