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My answer is wrong so need to know correct answer and working Both Andy and Barry are New Zealand tax residents. Andy's personal marginal tax

My answer is wrong so need to know correct answer and workingimage text in transcribed

Both Andy and Barry are New Zealand tax residents. Andy's personal marginal tax rate is 10.5%. Barry's personal marginal tax rate is 33.0%. Andy has received a dividend cheque from Company ABC paying a net dividend of 1,506.07 New Zealand dollars. Barry has also received a dividend cheque from Company ABC with a net dividend of 807.06 New Zealand dollars. Company ABC's marginal corporate tax rate is 28% and their dividends are fully imputed. Required: What would be the effective tax rate for Andy and Barry respectively for these dividend incomes? Please fill in the blanks below. Note: ignore withholding tax; effective tax rate = (Gross dividend shareholder's income after all taxes) gross dividend Andy's effective tax rate 1.6 % Barry's effective tax rate = 2.2 %

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