Suppose an individual subject to a 42 per cent marginal rate of income tax has 1,000 shares in a company that is paying a fully-franked dividend of 21 cents per share. If the company tax rate is 30 per cent: (i) Calculate the individuals taxable income due to the dividend? (ii) What tax credit can the individual claim due to the franked dividends? (iii) What is the tax on the taxable income due to the dividend? (iv) What tax, if any, is payable by the individual out of the cash dividend?