Question: please answer ! thank you ( : A firm generates profits for a shareholder of $100 before company income tax, pays $30 tax on this

please answer

!

thank you

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A firm generates profits for a shareholder of $100 before company income tax, pays $30 tax on this income and distributes a dividend to the shareholder of $70. The shareholder has a marginal tax rate of 15%. What is the after-tax dividend for the shareholder under an imputation tax system? (3 marks)

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