Facts:

John Co Ltd obtains income for 30 June 2019 from the following Australian sources, assume a corporate tax rate of 30%:

Trading net income $60,000

Rental income of $4,000

Public company franked distribution $21,000

Public company unfranked distribution $16,000

Franking credits $9,000

Required - Answer in the space provided. Show all working.

a) What is the total trading income? (1 mark)

b) What is the total dividend income? (1 mark)

c) What is total taxable income? (3 marks)