A)suppose an idividual subject to a 35 per cent marginal rate of income tax has 1,000 shares in a company that is paying a semi-franked dividend of 15 cents per share, if the company tax rate is 30 per cent :

1- calculate the individual's taxable income due to the dividend?

2- what tax credit can the individual claim due to the franked dividends?

3- what tax, if any, is payable by the individual out of the cash dividend?