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Amy, a resident individual taxpayer, owns 1,000 shares in Flight Centre Ltd. On 9 October 2019, she received an unfranked dividend from Flight Centre Ltd
Amy, a resident individual taxpayer, owns 1,000 shares in Flight Centre Ltd. On 9 October 2019, she received an unfranked dividend from Flight Centre Ltd of $300. On 11 May 2020, she received a franked dividend from Flight Centre Ltd of $560, franked to 70%. The company tax rate is 30%.
What is the TOTAL amount that Amy should include in her assessable income for the year ended 30 June 2020?
a. | $1,100. | |
b. | $728; | |
c. | $1,028; | |
d. | $860; |
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