The firm pays the remaining cash in dividends to a

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A firm in Australia earns a pretax profit of $A30 per share. It pays a corporate tax of $A9 per share (30% tax rate) in taxes. The firm pays the remaining cash in dividends to a shareholder in the 40% tax bracket. What is the amount of tax paid by the shareholder under the imputation tax system?

Reference no: EM13570863

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