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INDIVIDUALS Bob Brown is single and aged 67 years. During 2020/21 his income comprised: $ Social security pension 9,290 Bank interest 120 Dividends from Australian
INDIVIDUALS
Bob Brown is single and aged 67 years. During 2020/21 his income comprised:
$ | |
Social security pension | 9,290 |
Bank interest | 120 |
Dividends from Australian public companies: | |
Unfranked: | 343 |
franked | 52 |
Bob did not notify his bank of his TFN, so the TFN tax of $58 was withheld by the bank. His bank statement also shows $27 in bank charges. He did not purchase or dispose of any shares during the 2020/21 tax year
Required:
Based on the above information, calculate Bobs tax liability for the 2019/20 income tax year.
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