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A company pays a dividend of 15% on its ...

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

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To solve the problem step by step, we can follow these calculations: ### Step 1: Identify the given information - Dividend percentage = 15% - Nominal value of each share = ₹10 - Number of shares = 1000 ### Step 2: Calculate the total nominal value of the shares Total nominal value = Number of shares × Nominal value of each share Total nominal value = 1000 shares × ₹10/share = ₹10,000 ### Step 3: Calculate the total dividend before tax Total dividend = (Dividend percentage / 100) × Total nominal value Total dividend = (15 / 100) × ₹10,000 = ₹1,500 ### Step 4: Calculate the income tax on the dividend Income tax = (Tax rate / 100) × Total dividend Income tax = (22 / 100) × ₹1,500 = ₹330 ### Step 5: Calculate the annual income after tax Annual income = Total dividend - Income tax Annual income = ₹1,500 - ₹330 = ₹1,170 ### Final Answer: The annual income of a man who owns one thousand shares of this company is **₹1,170**. ---
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