1.The Joan and Jack SMSF received dividends from the fund's investments in Australian shares. The dividends received were $4,000, with franking credits worth $1,714. All of the dividends are 100% franked and all of the shares satisfied the minimum 45 day holding period. All of the assets in this fund are supporting retirement pensions for the fund members - Joan who is 70 and Jack who is 75. Calculate the after-tax income associated with the share investments in the SMSF.