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

[answerhappygod]

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
15% what is the total amount of tax you will pay to the government,
or will be paid back to you? Choose the closest answer
You will pay $79 to
the government in taxes
You do not owe
anything in taxes, and nothing is owed to you
The government will
pay $79 to you
The government will
pay $529 to you
You will pay $2471 to the government in taxes
You will pay $529 to
the government in taxes