Question 5.5 Mick 'v'iduka a resident taxpaver holds shares in several Australian companies as investments. The following transactions relate to distributions from these companies: - 0n 1 August 2016, Mick received a cheque for $5,600 being a fully franked dividend from ABC Ltd. . On 15 November 2016, Mick received a cheque for $1,300 being an unfranked dividend from DEF Ltd. . On 20 December 2016, Mick received a statement from GHl Ltd that a fullv franked dividend of $3,500 had been used to acquire an additional 350 shares {Mick participates in the companv's dividend re-investment program]. - 0n 1? Februarv 201?, Mick was advised that he has received 300 shares from JKL Ltd from a bonus share issue. The market value of JKL shares on that date was 510 per share. a On 24 June 201?, MND Ltd declared an unfranked dividend of 10 cents per share. Mick holds 14,000 shares in MNU and received the dividend when it was paid on 9 Julv 201?. a 0n 2? June 201?, Mick received a cheque from PQR Ltd dated 21 June 201? for S?00. The cheque is for an unfranked dividend, but Mick forgot to bank the cheque until 10 Julv 201?. Mick does not have any other assessable income or deductions. Calculate Mick's taxable income for the 2016,!1? tax vear. Calculate Mick's net tax pavable or refundable for the 201611? tax vear