A company pays a dividend of 15 on its ten rupee shares from which it deducts tax at the rate of 22 ...

Question

A company pays a dividend of 15 on its ten rupee shares from which it deducts tax at the rate of 22 Find the annual income of a man who owns one thousand shares of his company

Accepted Answer

Given number of shares 1000 Face value of each share Rs 10 Rate of dividend 15 Rate of tax deducted 22 Total face value of 1000 shares 10 1000 10000 Total dividend 10000 15100 Rs 1500 Tax deducted at the rate of 22 1500 22100 Rs 330 Net annual income 1500 330 1170

ML Aggarwal Solutions Class 10 Mathematics Solutions for Shares and Dividends Exercise 3 in Chapter 3 - Shares and Dividends