(Answered) A number of years have passed since company x floated on

Finance

A number of years have passed since 'Company X'. Floated on the ASX. 'Company X' has current earnings per share of $1.95. The board of directors has approved a dividend payout ratio of 80%. As 'Company X' receives part of its income from overseas the investor has a marginal tax rate of 21% and owns 10,000 shares in company X.

Calculate the total tax payable/receivable by the investor.

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