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ci. Sanjay is an Australian resident. His financial transactions during the 2018-19 tax year included the following: 1. He received a salary of $81,506 from

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ci. Sanjay is an Australian resident. His financial transactions during the 2018-19 tax year included the following: 1. He received a salary of $81,506 from his employer. He donated $150 to the Red Cross and $100 to the University of Melbourne 3. On 16 August 2018 he sold his holding of 2500 shares in Johnson Industries Ltd (JIL) for $47.50 each. He had purchased these shares for $39.25 each on 14 August 2013 On 18 November 2018 he sold his holding of 800 shares in Mercantile Books Ltd (MBL) for $19.90 each. He had purchased these shares for $14.80 each on 16 May 2018. No brokerage was paid on either the purchase or the sale. He received a dividend of 14 cents per share on his JIL shares on 1 August 2018. The dividend was fully franked. JIL's company tax rate was 30%. He received an unfranked dividend of 10 cents per share on his MBL shares on 8 September 2018. MBL's company tax rate was 30%. 7. On 6 January 2019 he bought 500 shares in Alpha Investments Ltd at a price of $39.00 each and paid 0.3% brokerage. Questions for Tutorial 7 8. On 15 July 2018 he received an unfranked dividend of $107.00 from Dingbat Assets Ltd (DAL). This dividend had been declared on 7 June 2018 (that is, in the previous financial year). How much personal ineome tax will Sanjay pay for the 2018-19 financial year

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