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please answer ! thank you ( : A firm generates profits for a shareholder of $100 before company income tax, pays $30 tax on this
please answer thank you :
A firm generates profits for a shareholder of $100 before company income tax, pays $30 tax on this income and distributes a dividend to the shareholder of $70. The shareholder has a marginal tax rate of 15%. What is the after-tax dividend for the shareholder under an imputation tax system? (3 marks)
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