Andrew owns shares in Telstra. Last financial year, Andrew received a $140 dividend from Telstra with $60 of franking credits attached. What amount must Andrew include in his assessable income for the year in relation to the dividend? a. $200 b. None of the above. c. $140 d. $60
Andrew owns shares in Telstra. Last financial year, Andrew received a $140 dividend from Telstra with $60 of franking credits attached. What amount must Andrew include in his assessable income for the year in relation to the dividend? a. $200 b. None of the above. c. $140 d. $60
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 5BCRQ
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1. Andrew owns shares in Telstra. Last financial year, Andrew received a $140 dividend from Telstra with $60 of franking credits attached. What amount must Andrew include in his assessable income for the year in relation to the dividend?
a. $200
b. None of the above.
c. $140
d. $60
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