Question
1. Holly receives a fully franked dividend of $500 from CDC Pty Ltd during the 2019 income tax year. CDC Pty Ltd is a base
2. Sally receives a partially franked dividend of $600 from CDC Pty Ltd during the 2019 income tax year. The dividend is franked at 60%, and ABC CDC Ltd is not a base rate entity. What amount would Holly include in her 2019 assessable income (rounded to the nearest whole dollar)?
Please provide explanations /calculations.
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1 Holly receives a fully franked dividend of 500 from CDC Pty Ltd during the 2019 income tax year CDC Pty Ltd is a base rate entity Since the dividend ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
