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Edward Smith, an Australian resident individual, received the following cash dividends: $246,720 (franked to 50%) from XYZ Ltd on 1 February 2019 $14,000 (unfranked) from
Edward Smith, an Australian resident individual, received the following cash dividends:
$246,720 (franked to 50%) from XYZ Ltd on 1 February 2019
$14,000 (unfranked) from ABC Ltd on 1 March 2019
$4,900 (fully franked) from DEF Ltd on 1 May 2019
Required: What is his assess able income (rounded to the nearest dollar)?
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