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Suppose Dunder Tech Associates makes a profit of $5 per share and decides to distribute it all to shareholders as a 25% partially franked
Suppose Dunder Tech Associates makes a profit of $5 per share and decides to distribute it all to shareholders as a 25% partially franked dividend of $4.516 per share. Corporate tax rate is 30%. a) You hold 2500 shares in Dunder Tech Associates and your income tax rate is 15%. What is the franking credit per share? (Do not round intermediate calculations. Round your final answer to 2 decimal places. e.g. 4.567 will be 4.57) 1 0.48 A b) If you hold 2500 shares in Dunder Tech Associates and your income tax rate is now 30%. What is the total amount of tax you will pay to the government or will be paid back to you? [If the government owes you, input your answer as a negative number Le. if the government owes you $100.5673 in tax refund, input -100.57 (rounded to two decimal place).]
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