taxation law unit

28 (S) State what amounts will be included in the assessmble income of a resident individual shareholder in respect of the following, indicating what, if anys franking credits would be available to that resident individual (a) A distribution of $1,000, received from a resident public company, carrying an imputation credit of 400: (b) Unfranked distribution of $3,000, received from a resident private company: (c) A distribution of $4,000, carrying an imputation credit of $1,700, received from a resident private company. Explain how your answers might be different if the shareholder was a resident private company (instead of a residentindividual shareholder). 28 (S) State what amounts will be included in the assessmble income of a resident individual shareholder in respect of the following, indicating what, if anys franking credits would be available to that resident individual (a) A distribution of $1,000, received from a resident public company, carrying an imputation credit of 400: (b) Unfranked distribution of $3,000, received from a resident private company: (c) A distribution of $4,000, carrying an imputation credit of $1,700, received from a resident private company. Explain how your answers might be different if the shareholder was a resident private company (instead of a residentindividual shareholder)