During the 2018/19 tax year, resident taxpayer, Sammy-Jo received salary income of $86,000 and a franked dividend
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Question:
During the 2018/19 tax year, resident taxpayer, Sammy-Jo received salary income of $86,000 and a franked dividend of $4,800 (with $1,200 franking credits attached). She had no allowable deductions. A total of $21,250 PAYG withholding payments have been made by her employer. (Ignore Medicare Levy)
Required:
Calculate Sammy-Jo\\\'s tax payable or refundable.
Show calculations (no need to refer to sections/ cases)
Related Book For
Income Tax Fundamentals 2017
ISBN: 9781305872738
35th edition
Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus-Buller
Posted Date: