Question
-JOE's taxable income is $400,000 for the year ended 31 March 2020 included in the taxable income of $400,000 is: -gross interest from WPC bank
-JOE's taxable income is $400,000 for the year ended 31 March 2020
included in the taxable income of $400,000 is:
-gross interest from WPC bank of $3000, with $840 RWT withheld
-a dividend from KJL Ltd of $1,222 cash plus imputation credit of $778 attached (KJL is not required to withhold JOE from this dividend)
-provisional tax of $36,000 was laid on august 2020
Calculate JOE's residual tax (RIT) for the year ended 31 March 2020
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Labor and Employment Law Text and Cases
Authors: David Twomey
15th edition
1133188281, 978-1133711841, 1133711847, 978-1285247632, 978-1133188285
