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Assume company income tax rate is 30% and franking credits are available to be passed on to shareholders. Under the imputation tax system, if your
- Assume company income tax rate is 30% and franking credits are available to be passed on to shareholders. Under the imputation tax system, if your marginal personal tax rate is 47%, would you prefer to receive equity investment income in the form of (fully franked) dividend or capital gain? Show all calculations.
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
