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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 ?
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 ?
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ChatGPT
May 28
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.
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Google Gemini AI
May 28
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.