00 Suppose Tetra Finishing Company Tfc Makes A Profit Of 3 Per Share And Decides To Distribute It All To Shareholders 1 (35.52 KiB) Viewed 33 times
00 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. 0.4 points 01:35:19 Multiple Choice The government will pay $370 to you The government will pay $900 to you You do not owe anything in taxes and nothing is owed to vou
00 8 You do not owe anything in taxes, and nothing is owed to you 0.4 points 8 01:29:01 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
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!