QUESTION 4.40 (Franking Account-Comprehensive) Simple Pty Ltd, a corporate tax entity, has the following transactions for the 2016/17 tax year: Date 0/06/16 Debit Balance 12/07/16 4,200 4,200 Franking Deficit Tax Paid (from 2015/16 franking account) PAYG tax instalment Received Fully Franked Dividend PAYG tax instalment Refund of 2015/16 company tax Paid 80% Franked Dividend 21/07/16 20/08/16 15/10/16 5,900 20,650 5,900 11,000 13,300 7,000 01/12/16 15/01/17 9/02/17 Received Dividend from South Africa ($3,000 tax withheld) Paid Unfranked Dividend 7,750 15/04/17 Note-the benchmark franking percentage is 80%. The ATO has not been notified of any varation. 16/17 ta (61's Balance 4200 s Apni Under tran Use the second page format and information to calculate the answer. Thats all information been provided in this question. QUESTION 4.40 (Franking Account-Comprehensive) Simple Pty Ltd, a corporate tax entity, has the following transactions for the 2016/17 tax year: Date 0/06/16 Debit Balance 12/07/16 4,200 4,200 Franking Deficit Tax Paid (from 2015/16 franking account) PAYG tax instalment Received Fully Franked Dividend PAYG tax instalment Refund of 2015/16 company tax Paid 80% Franked Dividend 21/07/16 20/08/16 15/10/16 5,900 20,650 5,900 11,000 13,300 7,000 01/12/16 15/01/17 9/02/17 Received Dividend from South Africa ($3,000 tax withheld) Paid Unfranked Dividend 7,750 15/04/17 Note-the benchmark franking percentage is 80%. The ATO has not been notified of any varation. 16/17 ta (61's Balance 4200 s Apni Under tran Use the second page format and information to calculate the answer. Thats all information been provided in this