94a-7b7a-4741-87bd tions Notes 3 Paragraph 1 Us ruvas over applicable. Both Alpha and Beta have no other income during the income year. a2 a, A X Question 5 Trust (8 marks) Good Family Trust has received the following amounts for the 2019-20 income year. Rental income (net) of $22,000. Fully franked dividends of $8,700. Unfranked dividends of $20,000, (Assume dividends are paid by companies with the corporate tax rate of 30%.) I Good Pty Ltd is the corporate trustee and allocates trust distributions every year. For the income year, it resolved to distribute 90% of the net income of the trust to Alpha. It decided not to make any distribution to the other beneficiary, Beta. Both Alpha and Beta are individual taxpayers and Australian resident for tax purposes. For the 2019-20 income year: 1. What type of trust is Good Family Trust? 2. Work out the net income of Good Family Trust. 3. Work out tax consequences of Alpha, Beta and Good Pty Ltd as the trustee for Good Family Trust. Question 6 Fringe Benefits Tax (7 marks) Determine whether the following benefits are fringe benefits or exempt fringe benefits. Provide your reasons for the answer including relevant 94a-7b7a-4741-87bd tions Notes 3 Paragraph 1 Us ruvas over applicable. Both Alpha and Beta have no other income during the income year. a2 a, A X Question 5 Trust (8 marks) Good Family Trust has received the following amounts for the 2019-20 income year. Rental income (net) of $22,000. Fully franked dividends of $8,700. Unfranked dividends of $20,000, (Assume dividends are paid by companies with the corporate tax rate of 30%.) I Good Pty Ltd is the corporate trustee and allocates trust distributions every year. For the income year, it resolved to distribute 90% of the net income of the trust to Alpha. It decided not to make any distribution to the other beneficiary, Beta. Both Alpha and Beta are individual taxpayers and Australian resident for tax purposes. For the 2019-20 income year: 1. What type of trust is Good Family Trust? 2. Work out the net income of Good Family Trust. 3. Work out tax consequences of Alpha, Beta and Good Pty Ltd as the trustee for Good Family Trust. Question 6 Fringe Benefits Tax (7 marks) Determine whether the following benefits are fringe benefits or exempt fringe benefits. Provide your reasons for the answer including relevant