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(MULTIPLE CHOICE, 1 ANSWER) Pinder Ltd operates under the classical tax system. Pinder Ltd has a taxable income of $3224 and its tax rate is

(MULTIPLE CHOICE, 1 ANSWER)

Pinder Ltd operates under the classical tax system. Pinder Ltd has a taxable income of $3224 and its tax rate is 31%. Pinder Ltd pays all of its net income as dividends. If the average personal tax rate on dividend income is 50%, what is the total dividend income tax paid by Pinder Ltds shareholders? (round to the nearest two decimal places)

- None of the other answers.

- $761.42

- $1112.28

- $896.19

- $949.37

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