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Compute the franking credits that Alex must include

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Question - Alex Hamilton (Australian resident) invests in a range of shares to derive dividend income. For the current income year he has provided the following information:

Fully franked dividends of $1,500 from ANZ Bank Ltd, which have been reinvested into new shares

Dividends of $2,500 franked to 50% from Hamilton Investments Pty Ltd

Unfranked dividends of $3,000 from Company XYX Ltd

Fully franked dividends of $5,000 from Woolworths Ltd

Required - Compute the franking credits that Alex must include in his taxable income?

A. None of these

B. $0

C. $1,071

D. $3,214

E. $3,321

Reference no: EM133081421

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