Sally receives a payment of $1,400 in dividends on her shares in Westpac Bank. She receives this
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Sally receives a payment of $1,400 in dividends on her shares in Westpac Bank. She receives this as a direct payment of $1,400 into her nominated bank account. Westpac send her a dividend notice advising that her dividend payment was $1,400 but she also has ‘franking credits’ of $600 for this dividend payment. How much is Sally’s assessable income on these dividends based on the Australian taxation system?
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Dividends are paid out of profits that have already been subject to Australian compa... View the full answer
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