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Determine sophia assessable income for the current income

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Reference no: EM133090633

Question - In the current income tax year, Sophia has provided you with the following information:

Received $500 from CBA joint bank account held with her sister.

Received unfranked dividend of $1,000 from BHP.

Received a notice from NAB stating $5,000 unfranked dividend declared on 28 June 2020.

Required - Determine the Sophia's assessable income for the current income tax year 2020?

A. $6,250

B. $6,500

C. $1,500

D. $1,250

E. None of these

Reference no: EM133090633

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