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What is the maximum franking credit that can be allocated to a dividend of $14,000...

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Question

Accounting

What is the maximum franking credit that can be allocated to a dividend of $14,000 by a company with a corporate tax rate for imputation purposes of 25%? (Choose closest amount)

a) $6,000

b) $10,500

c) $14,000

d) $4,667

e) $3,500

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