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Frank received the following amounts during the tax year: - Salary - part time job 2,600 Director's fee 500 Lump sum damages for injuries sustained
Frank received the following amounts during the tax year: -
Salary - part time job 2,600
Director's fee 500
Lump sum damages for injuries sustained in a car accident
(permanent loss of the use of his arm) 56,200
A lump sum inheritance received under a will 1,950
Franked dividends from XYZ Pty Limited (not an SBE) franked to 50% 8,000
Dividends from ABC Limited (not an SBE) franked to 80% 6,000
Calculate Frank's assessable income?
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