Question
Sarah, a resident individual taxpayer, owns 1,000 shares in CSL Ltd. On 29 September 2020, she received an unfranked dividend from CSL Ltd of $400.
Sarah, a resident individual taxpayer, owns 1,000 shares in CSL Ltd.
On 29 September 2020, she received an unfranked dividend from CSL Ltd of $400.
On 30 April 2021, she received a franked dividend from CSL Ltd of $672, franked to 75%. The company tax rate is 30%.
What is the TOTAL amount that Sarah should include in her assessable income for the year ended 30 June 2021?
| a) | $888; | |
| b) | $1,072; | |
| c) | $1,288; | |
| d) | $1,360. |
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Fraud Examination
Authors: W. Steve Albrecht, Conan C. Albrecht, Chad O. Albrecht, Mark F. Zimbelman
3rd edition
324560842, 978-0324560848
