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Calculate the tax payable by a shareholder on a fully franked dividend that is fully imputed, given the following data: Company profit: $3250000 Profit distribution:
Calculate the tax payable by a shareholder on a fully franked dividend that is fully imputed, given the following data: Company profit: $3250000 Profit distribution: 100% Company tax rate: 36% Shareholders' tax rate: 43% A) -$275600 (tax credit) B) -$227500 (tax credit) C) $227500 (tax payable) D) $275600 (tax payable)
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