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please explain properly Fred corp. declare and pay a dividend on July 1, 2018, amount of $45,000; if the Refundable Dividend Tax on Hand balance

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please explain properly

Fred corp. declare and pay a dividend on July 1, 2018, amount of $45,000; if the Refundable Dividend Tax on Hand balance on Dec 31, 2017, of $14,000. What is the dividend refund amount, if any? a. $17,250 b. $14,000 c. $19,667 d. $45,000

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