Question: The following questions are based on the material in Chapter 1: Q1. (Comprehensive calculation for a prescribed person) Ron Veldhuis is aged 16 and is

 The following questions are based on the material in Chapter 1:
Q1. (Comprehensive calculation for a prescribed person) Ron Veldhuis is aged 16

The following questions are based on the material in Chapter 1: Q1. (Comprehensive calculation for a prescribed person) Ron Veldhuis is aged 16 and is currently studying full-time at high school whilst living with his parents. During the 2017/18 tax year, Ron received the following amounts: $ Gross Wages from part-time job (PAYG tax withheld $800) 4,700 Gross Interest received on fund given by his parents (TEN withheld $4,900) 10,000 Income Distribution from Estate of Late Aunt 7,500 Income Distribution from Family Trust (tax paid by Trustee $1,500) 6,000 Unfranked Dividend from shares in QQQ Ltd (these were bought with funds from previous 1,200 Family Trust distributions) Required: (a) For the purposes of Div 6AA, how much excepted assessable income has Ron derived? (b) For the purposes of Div 6AA, how much eligible assessable income has Ron derived

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