Edith McKinnon is 40 years old. Edith is an Australian resident with a marginal tax rate of 32% (including any levies) who works as a freelance photographer. This year the following transactions occur for Edith.

Dividend receipts

Edith holds shares with various Australian public companies who have a tax rate of 30%. This year Edith receives the following dividends:

A $7,000 dividend franked to 80%.

An unfranked dividend of $5,000. Edith receives the money into her bank account.

The assessable amount to be included in Ediths tax return resulting from the receipt of the above dividends