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Morris Mansfield, aged 55, derived $92,000 in salary and received $3,820 in fully franked dividends from companies with a corporate tax rate for imputation purposes
Morris Mansfield, aged 55, derived $92,000 in salary and received $3,820 in fully franked dividends from companies with a corporate tax rate for imputation purposes of 30%. His deductions, which all relate to earning his salary, totalled $5,780. Morris has the highest level of private hospital health insurance cover. Tax paid during the 20182019 year on Morriss salary totalled $29,985.
On the basis of this information, what will be Morriss tax refund for the 20182019 tax year?
a.
$6,733.97
b.
$8,371.11
c.
$8,567.51
d.
$7,372.40
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