Mary received the following dividends during the 2021 income year from publicly listed entities that were taxed at 30 $30,000 which was fully franked $5,000 which was 50 franked $12,500 which was unfranked Calculate Mary 's assessable income on the assumption that the above income is her only incom...

Marys assessable income Franking credits and assessable income In Australiafranking credits are atta ...

Mary received the following dividends during the 2021 income year from publicly listed entities that were taxed

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Mary received the following dividends during the 2021 income year from publicly listed entities that were taxed at 30%:

$30,000 which was fully franked.
$5,000 which was 50% franked.
$12,500 which was unfranked.

Calculate Mary's assessable income on the assumption that the above income is her only income and she is an Australian resident.

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Feb 14, 2024 04:15 AM

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Mary received the following dividends during the 2021 income year from publicly listed entities that were taxed

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Income Tax Fundamentals 2013

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