Question
During the year ended 30 Jun 2020, Genny, a resident of Australia, receives a fully franked dividend of $17409 Required: Calculate the amount that must
During the year ended 30 Jun 2020, Genny, a resident of Australia, receives a fully franked dividend of $17409 Required: Calculate the amount that must be added to her assessable income in relation to the fully franked dividend.
2.During the year ended 30 June 2016 Agnes, a resident taxpayer, received salary and wages income of $36,860 and a franked dividend of $9,900 with $3,100 of attached franking credits. She also had PAYG instalments of $8,600 withheld from her salary and wages income. She has no dependents. But she has work related allowable deductions of $1,000. What will her net tax to pay or refund be (ignore Medicare levy) when her assessment issues?
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