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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

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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 Ltd's shareholders? (round to the nearest two decimal places) O $1112.28 $761.42 $949.37 $896.19 None of the other answers

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