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A firm pays a fully franked cash dividend of $14 to one of its Australian shareholders who has a personal marginal tax rate of 32.5%. The corporate tax rate is

30%. What will be the shareholder's additional personal tax payable due to the dividend payment? a. $6.00 b. $4.55 c. $0.50С. d. $0.36 e. -$0.52.

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