During the 2022-23 tax year TRS Ltd (which is not a base rate entity) made an operating profit of $20,000 and received a fully franked dividend of 5,000. Assuming it has no other income or deductions, TRS Ltd's income tax payable for 2022-23 would be (use a 30% tax rate)?

Answer rating: 100% (QA)

To calculate TRS Ltds income tax payable for the 202223 tax year we need to consider both it... View the full answer