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Darshini is a single tax resident of Australia who receives $500 dividend (70% franked) from an ASX listed company for the year ended 30 June

Darshini is a single tax resident of Australia who receives $500 dividend (70% franked) from an ASX listed company for the year ended 30 June 2020. During the year, she earned $110,103 while the employer withheld $46,697 tax from her salary and paid to ATO during the year. Allowable deduction for the same financial year is only $2,000 paid for deductible self-education expenses.


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Calculate tax liability for Darshini, considering that the ASX listed company paying dividend uses imputation tax system and is subject to 30% corporate tax rate. Consider Medicare Levy, Medicare Levy Surcharge (if applicable), and relevant offsets.

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