Question: Pinder Ltd operates under the classical tax system. Pinder Ltd has a taxable income of $4460 and its tax rate is 39%. Pinder Ltd pays

Pinder Ltd operates under the classical tax system. Pinder Ltd has a taxable income of $4460 and its tax rate is 39%. Pinder Ltd pays all of its net income as dividends. If the average personal tax rate on dividend income is 49%, what is the total dividend income tax paid by Pinder Ltds shareholders? (round to the nearest two decimal places)

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None of the other answers.

$1170.18

$982.23

$1333.09

$1117.00

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