How much is the taxpayers gross income from shares

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Question - A resident taxpayer received into their bank account the following dividends from listed shares: $3,500 fully franked from Company A; and $1,500 50% franked from Company B. The dividends are from companies which have a 30% tax rate. How much is the taxpayers gross income from shares?

a. $6,821

b. $4,250

c. $7,142

d. $2,142

Reference no: EM133091745

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