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Question - How much net tax would be payable by the GHI Superannuation Fund which provided the following details for the current financial year:
Sale of investments for a loss of $100,000 that were held for 9 months
Sale of investments for a profit of $190,000 that were held for 3 years
Other income of $215,000 (including $60,000 received in cash from listed public company dividends which were fully franked)
Allowable deductions of $25,000
Please explain step by step, I know the answer is $15,643
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