Plunket Trust has net trust income of $30,000 for this year. They have two beneficiaries, who are each entitled to 50 percent of the trust income. Sharon is 30 years old and presently entitled.

She also has $25,000 salary and wages, $200 unfranked dividend and a fully franked dividend of $700. Chris is presently entitled and has no other income.

What is their taxable incomes?

Answer rating: 100% (QA)

Trust income 30000 Salaries 25000 Franked dividend 700 Unfranked div... View the full answer