Question

a company Pays dividend of 15% on its 10 rupees shares from which is detected Income Tax at the rate of 22%. Find the annual income of a man who owns hundred shares of this company ​

Answer 1

Step-by-step explanation:

Market value of 1 share =Rs. 10

Nominal value of 1 share =Rs. 10

Nominal value of 1000 share =Rs. (10×1000)

=Rs. 10000

Annual income =

100

15

×10000

=1500

Income tax =

100

22

×1500=Rs. 330

∴ Net income (after detection of income tax) =Rs. (1500−330)

=Rs. 1170.

Answer 2

hello, ur answer is in pic,if it really helps u then mark me brainliest and thank

FOLLOW ME