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TIF Problem Eleven - 1 Dividends on Portfolio Investments $ 35,000 Dividends from Magnum Inc. [(100%)($55,000)] 55,000 Dividends from Masterpiece Ltd. [(40%)($100,000)] 40,000 Opus owns

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TIF Problem Eleven - 1 Dividends on Portfolio Investments $ 35,000 Dividends from Magnum Inc. [(100%)($55,000)] 55,000 Dividends from Masterpiece Ltd. [(40%)($100,000)] 40,000 Opus owns 100% of the shares of Magnum Inc. and 40% of the shares of Masterpiece Ltd. Masterpiece received a dividend refund of $10,000 on its dividend payment, while Magnum received a dividend refund of $15,000. Determine the amount of Part IV Tax payable by Opus Limited for the current year. A. $29,417. B. $32,417. C. $38,417. D. $49,833

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