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Plunket Trust has net trust income of $30,000 for this year. They have two beneficiaries, who are each entitled to 50 percent of the trust
Plunket Trust has net trust income of $30,000 for this year. They have two beneficiaries, who are each entitled to 50 percent of the trust income. Sharon is 30 years old and presently entitled. She also has $25,000 salary and wages, $200 unfranked dividend and a fully franked dividend of $700. Chris is presently entitled and has no other income. What is their taxable incomes
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