Calculate sylvania co australian tax liability

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Reference no: EM132591770

Question 1: Sylvania Co is a resident company which in 2019 derived $6.5m of Australian source income and $3.5m of foreign source income. The foreign source income was subject to foreign income tax at the rate of 40%. Calculate Sylvania Co's Australian tax liability, taking into the account the foreign income tax offset.

Reference no: EM132591770

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