Calculate Frank assessable income

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Reference no: EM132924231

Question - Frank received the following amounts during the tax year:

Salary - part time job 2,600

Director's fee 500

Lump sum damages for injuries sustained in a car accident (permanent loss of the use of his arm) 56,200

A lump sum inheritance received under a will 1,950

Franked dividends from XYZ Pty Limited (not an SBE) franked to 50% 8,000

Dividends from ABC Limited (not an SBE) franked to 80% 6,000

Required - Calculate Frank's assessable income?

Reference no: EM132924231

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