Question: Instruction: Please do research and then explain the following exercises in your own opinion and understanding, also make sure to input references (if any) as
Instruction: Please do research and then explain the following exercises in your own opinion and understanding, also make sure to input references (if any) as well.
A resident company pays a fully franked dividend of $1500 to a resident shareholder.
Calculate the income tax implications of the shareholder if it is:
- an individual subject to the top marginal tax rate (40%).
- an individual with marginal tax rate of 15%.
- a company with other assessable income of $10,000, and a carried forward loss of $13,500.
- a company with other assessable income of $11,000 and deductions of $19,000; and
- a partnership with two resident individual partners sharing equally partnership profits or losses.
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