what tax if any is payableby the individual out of the cash dividend?
Submitted by admin on August 5, 2010 – 9:54 pmNo Replies
A web user asks, suppose an individual subject to a 42 per cent marginal rate income tax has 1000 shares in a company that is paying a fully-franked dividend of 21 cents per share. if the company tax rate is 30 per cent:calculate the individual’s taxable income due to the dividend?
Can you help them out? Post your advice!
Related Items:
- What is the tax law regarding private company dividend to a superfund in pension phase?
- Taxes.How do I list shares of a new stock that are given as a dividend instead of cash?
- How Federal tax is calculated for whithholding from paycheck?
- What Are The Firms Income Tax Liability And Its After Tax Income? What Are The Company’s Marginal And Average
- What kind of investing gives you a dividend or check every month, etc?