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During the year ended 30 June 2020 XYZ Pty Limited, a resident Australian private company (non-BRE) received interest income of $6,000 and a franked dividend
During the year ended 30 June 2020 XYZ Pty Limited, a resident Australian private company (non-BRE) received interest income of $6,000 and a franked dividend of $10,000 with $3,150 of attached franking credits. XYZ Pty Limited had allowable interest deductions of $7,800. Required: What will XYZ Pty Limited's net tax to pay or its refund be when its assessment issues? All calculations must be shown and relevant legislation
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