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Determine the tax offset for a resident public company receiving the following distributions: Item $ Fully franked distributions from public companies (carrying imputation credits

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Determine the tax offset for a resident public company receiving the following distributions: Item $ Fully franked distributions from public companies (carrying imputation credits of $18,000) 42,000 Unfranked distributions from: Resident public non-group companies Resident private non-group companies 30,000 20,000 Distributions from non-resident company (net of 15% withholding tax) 8,500

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