SSS is a private company for tax purposes. On $1$ October $2017,$ it paid an unfranked dividend to all shareholders of $$5$ per share. On $22$ April $2018,$ SSS paid another dividend to all shareholders of $$7$ per share. This dividend was franked to $50\%.$ Jeremey owns $20$ shares in SSS$.$

Advise SSS and Jeremy of their income tax consequences arising in relation to the payment and receipt of the dividends.