What the tax payable by the shareholder

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Question - BH Mining declared a 80 per cent partly franked dividend of $0.80 per share. The company pays a corporate tax rate of 30 per cent. If a shareholder holds 100 shares of BH Mining and the shareholder's marginal tax rate is 37 per cent, what the tax payable by the shareholder?

Reference no: EM132996139

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