Ischa owns 2000 units in BSP Shares.she was paid 79toea per unit,Les 7% as tax on dividends. Calculate how much is paid by PNG Registries to Ischa ?

First, calculate the total amount paid to Ischa before tax:

2000 units * 79 toea/unit = 158,000 toea

Next, calculate the amount of tax paid on the dividends:

7% of 158,000 toea = 0.07 * 158,000 = 11,060 toea

Finally, subtract the tax amount from the total amount paid to Ischa:

158,000 toea - 11,060 toea = 146,940 toea

Therefore, PNG Registries paid Ischa 146,940 toea after deducting 7% tax on dividends.

Step 1: Calculate the dividend before tax

Dividend before tax = Number of units x Dividend per unit
Dividend before tax = 2000 x 79 toea
Dividend before tax = 1580 toea

Step 2: Calculate the tax on dividends

Tax on dividends = Dividend before tax x Tax rate
Tax on dividends = 1580 toea x 7%
Tax on dividends = 110.6 toea

Step 3: Calculate the dividend after tax

Dividend after tax = Dividend before tax - Tax on dividends
Dividend after tax = 1580 toea - 110.6 toea
Dividend after tax = 1469.4 toea

Step 4: Convert to Kina (PNG currency)

1 Kina = 100 toea
Dividend after tax in Kina = Dividend after tax in toea / 100
Dividend after tax in Kina = 1469.4 toea / 100
Dividend after tax in Kina = 14.694 Kina

Therefore, PNG Registries paid 14.694 Kina to Ischa.