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Not yet answered Marked out of 1.00 Flag question Castor & Pollux Limited is an Australian firm whose shares trade on the ASX. The firm
Not yet answered Marked out of 1.00 Flag question Castor & Pollux Limited is an Australian firm whose shares trade on the ASX. The firm earn part of its domestically income in Australia and and part of its income overseas, where it is required to pay tax to the foreign governments where it operates. Currently, the Australian corporate tax rate is 25% and the Medicare levy is 2%. Castor & Pollux provides dividend imputation to Australian-resident shareholders from its Australian tax paid. Assume that Castor & Pollux pays a 85% partly-franked dividend of $14.32 thousand to an Australian shareholder who currently has a taxable income of $250 thousand before dividends and a marginal tax rate of 32.5% and is NOT exempted from paying Medicare levy. Compute the franking credits this investor would receive from the partly-franked dividend received. O a. $1915.30 O b. $2148.00 O c. $83779.87 O d. $4057.33 O e. $2282.85 O f. $84197.24 O g. $3109.83
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