Assume OzCpy is an Australian firm whose shares trade on the
ASX. The firm earn part of its domestically income in Australia and
and part of its income overseas, where it is required to pay tax to
the foreign governments where it operates. Currently, the
Australian corporate tax rate is 30% and the Medicare levy is 2%.
OzCpy provides dividend imputation to Australian-resident
shareholders from its Australian tax paid. Assume that OzCpy pays a
88% partly-franked dividend of $13.56 thousand to an Australian
shareholder who has a marginal tax rate of 32.5% and who is exempt
from paying the Medicare levy. Compute the income tax payable by
this investor on the partly-franked dividend.
a. $1328.49
b. $955.01
c. $1569.09
d. $1181.66
e. $2333.40
f. $2168.83
g. $3662.75
h. $1461.34
i. $1594.19
j. $1727.04
Assume OzCpy is an Australian firm whose shares trade on the ASX. The firm earn part of its domestically income in Austr
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am