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Webster Holding Ltd is a company which owns a number of fashion brands. If Webster Holding makes a taxable profit of $1000000 in the 2016

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Webster Holding Ltd is a company which owns a number of fashion brands. If Webster Holding makes a taxable profit of $1000000 in the 2016 financial year and chooses to pay 100% of its profit after tax as a dividend, how much tax is paid by shareholders, assuming their marginal tax rate is 45% ? Assume the company tax rate is 30%. Select one: a. $15000 b. $450000 c. $150000 d. $300000

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