You purchased Apple Limited shares for $30 and they are now selling for $50. Thecompany has announced that it plans a $20 special dividend. Assume that the dividend isfully franked (100% imputation credits), the corporate tax rate is 30%, you have a marginaltax rate of 38% and you have held the shares for more than 12 months.a. If you sell the shares or wait and receive the dividend, will you have different after-tax income?b. Assume now that the dividends are unfranked. What is the difference between the twooptions in part (a)? Note: similar to classical tax system

You purchased Apple Limited shares for $30 and they are now selling for $50. Thecompany has announced that it plans a $20 special dividend. Assume that the dividend isfully franked (100% imputation credits), the corporate tax rate is 30%, you have a marginaltax rate of 38% and you have held the shares for more than 12 months

ssume now that the dividends are unfranked. What is the difference between the twooptions in part (a)? Note: similar to classical tax system.

Which of the following statements is  NOT correct?A.One cannot tax both  the company and the shareholder for the same profit.B.Companies had paid 30% tax before distributing their dividends.C.The tax already paid by the company will offset the shareholder taxes that are due.D.The shareholder needs to include the dividend after tax into his or her taxable income.

Assume the corporate tax rate is 22 percent, the personal tax rate on interest income is 15 percent, and the personal tax rate on dividends is 10 percent. Also assume the firm earns $5 per share in taxable income and pays out 40 percent of its earnings. How much will a shareholder receive per share in aftertax income?

A person invest an amount of Rs, 65,000 in a company which pays a dividend of Rs. 4per share at Rs. 13 per share for a year.(i) Find the dividend income he received at the end of an year.After receiving the dividend income for a year, he sold all his shares at Rs. 20 each and he investthe money he received by selling all the shares to buy shares from another company which paysdividend of Rs. 6 per share to Rs. 50 per share.(ii) Find the difference between the dividend income he receives from bothcompanies.04. An incomplete pie-chart in the figure shows how a certainnumber of students from a school taken their breakfast on acertain day.(i) The number of students who ate rice is 600,find the number of students ate hoppers.(ii) The number of students those who ate bun is 120. Find the magnitude of central anglethat represent the students who ate bun.(iii) Find the total number of students in the school.(iv) Find the ratio between the number of students who ate bread and hoppers.