AUSTRALIAN TAX LAW Kirsty Lim is a 46-year-old solicitor that owns her own legal practice as a sole trader (KL Law). Kirsty is on the top (45%) marginal tax rate. The following events all occurred in the current tax year: Dividends Kirsty receives the following dividends on 1 March 2021: $8,000, fully franked, from DFJ Ltd. $3,000, 50% franked, from ZZY Ltd. Required: Discuss the tax implications for the following (disregarding the Medicare levy): a) The tax payable due to Kirsty's dividend receipts (2 marks)