(a) an Individual who is subject to the Top Marginal Tax rate. (b) an Individual with Marginal Tax rate of 15%. ,- ...., (c) a company with other Assessable Income of $100,000 and a carried forward loss of $40,000.. (d) a comnany with other Assessable Income of $88,000 and deductions of $7,000.

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter17: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 11DQ
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Question
A resident company pays a partly franked dividend of $700 (80% franked) to a resident
shareholder. Explain the Income Tax implications of the shareholder if he/she is:
(a) an Individual who is subject to the Top Marginal Tax rate. (
(b) an Individual with Marginal Tax rate of 15%. ,- ..,
(c) a company with other Assessable Income of $100,000 and a carried forward loss of
$40,000..
(d) a comnanv with other Assessable Income of $88,000 and deductions of $7,000.
(e) a partnership with two (2) resident Individual partners sharing partnership profits or
losses equally.
Transcribed Image Text:A resident company pays a partly franked dividend of $700 (80% franked) to a resident shareholder. Explain the Income Tax implications of the shareholder if he/she is: (a) an Individual who is subject to the Top Marginal Tax rate. ( (b) an Individual with Marginal Tax rate of 15%. ,- .., (c) a company with other Assessable Income of $100,000 and a carried forward loss of $40,000.. (d) a comnanv with other Assessable Income of $88,000 and deductions of $7,000. (e) a partnership with two (2) resident Individual partners sharing partnership profits or losses equally.
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