State what amounts will be included in the assessable income of a resident individual shareholder in respect of the following, indicating what, if any, franking
State what amounts will be included in the assessable income of a resident individual shareholder in respect of the following, indicating what, if any, franking rebates would be available to that resident individual.
(a) A distribution of $150,000, received from a resident public company, carrying an imputation credit of $40,000
(b) Unfranked distribution. of $20,000, received from a non-resident listed company
(c) Unfranked distribution of $30,000, received from a resident private company
(d) A distribution of $4,000, carrying an imputation credit of $1,700, received from a resident private company.
(e) How would your answers differ if the shareholder was:(i) a resident private company?
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