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man has 300, 50 shares of a company20% dividend. Find his net incomepayingafter paying 3% income tax |
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Answer» Total share price = 300*50 = 15000Dividend = (20/100)*15000 = 3000Income tax = (3/100)*3000 = 90Net income = 3000 - 90 = Rs 2910 |
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