Determine the withholding tax

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Question - BAT announces a dividend re-investment plan giving shareholders the choice of electing cash income at a rate of 50.75p per share, or securities at a re-investment price of £28.329107 per share. If you own 10,000 BAT shares, determine the withholding tax?

a. £761.25

b. £1 015.00

c. £1 268.75

d. £1 522.50

Reference no: EM133061171

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