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(a) Fresh Juice Co Ltd derives $100,000 net trading income from Australian sources during the current tax year. The company also earns the following: $21,000
(a) Fresh Juice Co Ltd derives $100,000 net trading income from Australian sources during the current tax year. The company also earns the following: $21,000 - Franked dividend from public companies with an imputation credit of $9,000. $20,000 Un-franked dividend from resident private companies. $10,000 - Rental income. Required: Calculate the net tax payable by Fresh Juice Ltd for the year ended 30 June 2015.
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