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A resident company that has a corporate tax rate for imputation purposes of 30% pays a $7,000 dividend with $3,000 of franking credits allocated to
A resident company that has a corporate tax rate for imputation purposes of 30% pays a $7,000 dividend with $3,000 of franking credits allocated to it to each of its five shareholders. Explain how its shareholders are taxed assuming their relevant details are as follows: Tom is a resident who has salary income of $60,000 Teresa is a resident who has no other income R Co is a resident private company that pays tax at the rate of 27.5% Super Co is trustee of a complying superannuation fund that has no other income F Co is a company that is resident in the United Kingdom and has no other income. . . A resident company that has a corporate tax rate for imputation purposes of 30% pays a $7,000 dividend with $3,000 of franking credits allocated to it to each of its five shareholders. Explain how its shareholders are taxed assuming their relevant details are as follows: Tom is a resident who has salary income of $60,000 Teresa is a resident who has no other income R Co is a resident private company that pays tax at the rate of 27.5% Super Co is trustee of a complying superannuation fund that has no other income F Co is a company that is resident in the United Kingdom and has no other income
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