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2. True Blue Ltd is a resident private company that had a taxable income in the year ended 30 June 2018 of $63,000 and aggregate
2. True Blue Ltd is a resident private company that had a taxable income in the year ended 30 June 2018 of $63,000 and aggregate turnover of $15m in carrying on its business. During the year to 30 June 2018, the company distributed $67,000 in dividends to its shareholders. The dividends were fully franked dividends. What is the total income tax payable on the company's taxable income for the year ended 30 June 2018? (Do not consider the dates for the payment of tax.) (a) $19,215 (b) $12,022 (c) $17,325 (d) $18,900 (e) Nil
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