1. Ian holds 100 shares in Big Bank Pty Ltd. The company paid a dividend of $4 per share (franked to 30%) on 1 June. Assume a corporate tax rate of 30%. What amount must Ian include in his assessable income for the year? a. $571 b. $451 c. $400 d. $51

1. Ian holds 100 shares in Big Bank Pty Ltd. The company paid a dividend of $4 per share (franked to 30%) on 1 June. Assume a corporate tax rate of 30%. What amount must Ian include in his assessable income for the year? a. $571 b. $451 c. $400 d. $51

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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