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Question 12 A firm pays a fully franked cash dividend of $100 to one of its Australian shareholders who has a personal marginal tax rate

Question 12 A firm pays a fully franked cash dividend of $100 to one of its Australian shareholders who has a personal marginal tax rate of 40%. The corporate tax rate is 30%. Not yet saved Marked out of 4.00 What will be the shareholder's personal tax payable due to the dividend payment? Remove flag O a. 14.2857 O b. 57.1429 O c. 21.4286 O d. 10 O e. 15

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