Question
1.Santax Ltd had a Benchmark Franking Percentage of 65% for the year ended 30 June 2020. On 25 October 2019 it paid an unfranked dividend
1.Santax Ltd had a Benchmark Franking Percentage of 65% for the year ended 30 June 2020. On 25 October 2019 it paid an unfranked dividend of $20,000 to its shareholders. Calculate and explain the tax consequences of this event for Santax Ltd for the year ended 30 June 2020? (Only advise Santax Ltd, not the shareholders).
If you can can you please provide me answer with in 15 minutes please?
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Forensic Accounting And Fraud Investigation For Non-Experts
Authors: Stephen Pedneault, Frank Rudewicz, Howard Silverstone, Michael Sheetz
3rd Edition
0470879599, 9780470879597
