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Calculate the tax liability for Andre, a single tax resident, receiving $1,000 dividend (80% franked) from a large company, called Margin Pty Ltd, which uses

Calculate the tax liability for Andre, a single tax resident, receiving $1,000 dividend (80% franked) from a large company, called Margin Pty Ltd, which uses imputation tax system and 30% corporate tax rate. Other income and expenses of Andre are as below:

  • Employment income $ 63,013 (excluding 16,467 PAYG withholding)
  • Allowable Deduction of $500
  • Consider Medicare Levy, Medicare Levy Surcharge (if applicable), and relevant offsets.

(No law sections or cases are required to be included in your answer. Please use a table to answer this question, no decimals are required. Tax year 2019/2020).

Minimum of 120 words. Maximum of 150 words

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