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Suppose Tetra Finishing Company (TFC) makes a profit of $3 per share and decides to distribute it all to shareholders as a 50% partially

Suppose Tetra Finishing Company (TFC) makes a profit of $3 per share and decides to distribute it all to O O O O You do not owe anything in taxes, and nothing is owed to you You will pay $900 to the government in

Suppose Tetra Finishing Company (TFC) makes a profit of $3 per share and decides to distribute it all to shareholders as a 50% partially franked dividend of $2.471 per share. Corporate tax rate is 30%. If you hold 1000 shares in TFC and your income tax rate is 30% what is the total amount of tax you will pay to the government or will be paid back to you? Choose the closest answer. O O O O You do not owe anything in taxes, and nothing is owed to you You will pay $900 to the government in taxes You will pay $2471 to the government in taxes You will pay $370 to the government in taxes

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