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During the year ended 30 Jun 2021, Catherine, a resident of Australia, receives a fully franked dividend of $15739 from an Australian Resident Company. The

During the year ended 30 Jun 2021, Catherine, a resident of Australia, receives a fully franked dividend of $15739 from an Australian Resident Company.

The company had paid tax at the rate of 30 cents in the dollar.

Required:

Calculate the value of the franking credit.

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