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:

  1. an individual subject to the top marginal tax rate (40%).
  2. an individual with marginal tax rate of 15%.
  3. a company with other assessable income of $10,000, and a carried forward loss of $13,500.
  4. a company with other assessable income of $11,000 and deductions of $19,000; and
  5. a partnership with two resident individual partners sharing equally partnership profits or losses.

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