Amazon LTD reported the following tax attributes for the taxation year ending December 31, 2020. the balance of both refundable dividend tax on hand account at December 31, 2019 was NIL. the company received a portfolio dividend of $18,750. the company paid $112,500 in taxable dividend, all non-eligible, to its shareholders. The refundable portion of part I tax was correctly calculated to be $1,533. Calculate The Dividend Refund for the taxation year 2020. $7,187 $6,450 $1,533 $8,720

Amazon LTD reported the following tax attributes for the taxation year ending December 31, 2020. the balance of both refundable dividend tax on hand account at December 31, 2019 was NIL. the company received a portfolio dividend of $18,750. the company paid $112,500 in taxable dividend, all non-eligible, to its shareholders. The refundable portion of part I tax was correctly calculated to be $1,533. Calculate The Dividend Refund for the taxation year 2020. $7,187 $6,450 $1,533 $8,720

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter6: Deductions And Losses: In General

Section: Chapter Questions

Problem 56P

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Amazon Ltd reported the following tax attributes for the taxation year ending December 31, 2020. The balance of both refundable dividend tax on hand account at December 31,2019 was nil. The company received portfolio dividend of $18,750. The company paid $112,500 in taxable dividend, all non-eligible, to its shareholders. The refundable portion of part I tax was correctly calculated to be $1,533. Calculated the dividend refund for the taxation year 2020.
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