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Q5 Question 5 16 Points The following table sets out the tax rates for Australian resident individuals for the financial year ended 30 June 2020.

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Q5 Question 5 16 Points The following table sets out the tax rates for Australian resident individuals for the financial year ended 30 June 2020. Nil Taxable income Tax on this income SO - $18,200 $18.201 - $37,000 19% on each dollar over $18,200 $37.001 - $90,000 $3,572 + 32.5% on each dollar over $37.000 $90,001 - $180,000 $20.797 +37% on each dollar over $90,000 Over $180,000 $54,097 + 45% on each dollar over $180,000 Rachel's income for the 2019-20 financial year is $178.000 excluding clividends and share transactions. She received a fully franked dividend of 3' zents per share on her holding of 10,000 shares in National Beds Ltd (NBL) and an unfranked dividend of 7 cents per share on her holding of 6000 shares in Millennial Bank Ltd (MBL). On 5 June 2020, she sold 5,000 shares in Big Bear Ltd (BBL) at $2.00 per share which were acquired on 10 June 2019 at $110 per share, Note: You may type your responses to each part in the spaces provide below. Altelvatively, you may upload your handwritten and scanned answers to each question part below (Do not upload the answers to any other questions here as they will not be marked.) Q5.1 Question 5.1 2 Points Calculate the grossed-up franked dividend amount for Rachel. Show all calculations. Please selectie Selectes) Enter your answer here Q5.2 Question 5.2 1 Point Calculate the unfranked dividend amount for Rachel. Show all calculations. Please select file(s) Select files) Enter your answer here Q5.3 Question 5.3 3 Points Calculate the taxable capital gain amount for Rachel. Show all calculations. Please select flera) Select file(s) Enter your answer here I Q5.4 Question 5.4 1 Point Write down in words what items you need to sum up to get the total taxable income for Rachel Please select files Select files) Enter your answer here 055stion 56

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