Question
Mellisa Co Ltd obtains income for 30 June 2020 from the following Australian sources, assume a corporate tax rate of 30%: Trading net income $60,000
Mellisa Co Ltd obtains income for 30 June 2020 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
a) What is the total trading income?
b) What is the total dividend income?
c) What is total other income?
d) What is total taxable income?
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Accounting
Authors: Peter J Eisen
6th Edition
143800138X, 978-1438001388
