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Golden Investa Supertrust is a complying superannuation fund. From the following information for the 2020/2021 income year: Receipts: contributions from employers: $100,000 unfranked dividends: 12,000

Golden Investa Supertrust is a complying superannuation fund. From the following information for the 2020/2021 income year: Receipts: contributions from employers: $100,000 unfranked dividends: 12,000 frank dividends (franking credit: $3,000) 10,000 Expense: Administration: 29,000 Required; Calculate the taxable income of the fund.

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