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A firm pays a fully franked cash dividend of $50 to one of its Australian...

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Accounting

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A firm pays a fully franked cash dividend of $50 to one of its Australian shareholders who has a personal marginal tax rate of 20%. The corporate tax rate is 30%. What will be the shareholder's personal tax payable due to the dividend payment? O a. 10 O b. -5 O c. 21.4286 d. -7.1429 O e. 14.2857

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