10 Marks.

Aussie Real State Ltd provides a wide range of rental services for business purposes. Aussie Real State Ltd derives Australian sourced income for the current tax year comprising net income from trading of $90,000, franked distribution from public companies amounting to $42,000 (carrying an imputation credit of $18,000), unranked distributions from resident private companies amounting to $24,000 and rental income of $11,000.

Required: Calculate the net tax payable by Aussie Real State Ltd for the year ended 30 June 2022. (Assume the company tax rate is 30%)

Answer this question in about 150 words and make a table for presenting calculations.