question archive Steven received the following amounts during the financial year: $ Allowance from Centrelink while unemployed 2,600 Honorarium as treasurer of a charitable organisation 500 Lump sum damages for personal injuries sustained in a car accident 6,200 A lump sum legacy under the will of a deceased relative 1,950 Unfranked dividends from Family P/L 8,000 Dividends from Australia Bank Ltd franked to 100% 6,000 Franking credits attached to this dividend $2,571 Calculate Steven's assessable income and net tax payable including Medicare levy
Steven received the following amounts during the financial year: $ Allowance from Centrelink while unemployed 2,600 Honorarium as treasurer of a charitable organisation 500 Lump sum damages for personal injuries sustained in a car accident 6,200 A lump sum legacy under the will of a deceased relative 1,950 Unfranked dividends from Family P/L 8,000 Dividends from Australia Bank Ltd franked to 100% 6,000 Franking credits attached to this dividend $2,571 Calculate Steven's assessable income and net tax payable including Medicare levy
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Steven received the following amounts during the financial year:
$
Allowance from Centrelink while unemployed 2,600
Honorarium as treasurer of a charitable organisation 500
Lump sum damages for personal injuries sustained in a
car accident 6,200
A lump sum legacy under the will of a deceased relative 1,950
Unfranked dividends from Family P/L 8,000
Dividends from Australia Bank Ltd franked to 100% 6,000
Franking credits attached to this dividend $2,571
Calculate Steven's assessable income and net tax payable including Medicare levy.
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