During the year ended 30 June 2019 Rechelle, a resident taxpayer, received salary and wages income of $34,750 and a franked dividend of $11,800 with $3,200 of attached franking credits. She also had...


During the year ended 30 June 2019 Rechelle, a resident taxpayer, received salary and wages<br>income of $34,750 and a franked dividend of $11,800 with $3,200 of attached franking<br>credits. She also had PAYG instalments of $15,000 withheld from her salary and wages<br>income. She has no dependents. But she has work related allowable deductions of $5,000.<br>Required: What will her net tax to pay or refund be (ignore Medicare levy)? All calculations<br>must be shown as well as relevant legislation<br>

Extracted text: During the year ended 30 June 2019 Rechelle, a resident taxpayer, received salary and wages income of $34,750 and a franked dividend of $11,800 with $3,200 of attached franking credits. She also had PAYG instalments of $15,000 withheld from her salary and wages income. She has no dependents. But she has work related allowable deductions of $5,000. Required: What will her net tax to pay or refund be (ignore Medicare levy)? All calculations must be shown as well as relevant legislation

Jun 11, 2022
SOLUTION.PDF

Get Answer To This Question

Submit New Assignment

Copy and Paste Your Assignment Here