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Reya owns 1000 shares in PacWest. She receives a dividend of 70c per share. She also receives a franking credit of $30c per share. Required:

Reya owns 1000 shares in PacWest. She receives a dividend of 70c per share. She also receives a franking credit of $30c per share.

Required: Explain the tax treatment of the dividend and the franking credit

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