QUESTION 4 Kate, a resident of Australia, received the following income for the current financial year: 1. Fully franked Australian dividend (company tax rate 30%) $8,000 2. Salary from working in London for 5 months for a UK modelling agency (foreign tax of A$5,000 was deducted) $25,000 3. Dividend from ABC Ltd a UK-based company (15% withholding tax had been deducted) $2,550 4. Other Australian sourced income $32,000 What would Kate's assessable income be for the current year? A. $73,000 B. $73,429 C. $72,550 D. $76,429 E. $76,000