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Q1.2 5 Points Joni owns 1000 shares in ANZ Bank and 500 shares in Wesfarmers Ltd. ANZ pays a fully franked cash dividend of $3.50

Q1.2 5 Points Joni owns 1000 shares in ANZ Bank and 500 shares in Wesfarmers Ltd. ANZ pays a fully franked cash dividend of $3.50 per share. Wesfarmers pay an unfranked cash dividend of $1 per share. What is the amount of the grossed-up dividend for ANZ? What is the total dollar amount of dividend which would be included as part of Joni's taxable income from all sources? Show all calculations. Please select file(s) Select file(s) Enter your answer here

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