(A) What are the criteria to classify a base rate entity and what is the rate of...

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(A) What are the criteria to classify a ‘base rate entity’ and what is the rate of tax?

(B) Amid is the trustee of a complying superannuation fund that pays tax at the rate of 15%. Its taxable income for the year consists of an $85,000 dividend with which $40,000 of franking credits are allocated it. What is Amid’s tax liability? Show working.

Posted Date: Nov 25, 2021 06:51 PM

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(A) What are the criteria to classify a base rate entity and what is the rate of...

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Solution A Under the Act an entity is a Base Rate ... View the full answer

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