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What is the total dividend income

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Question - Mellisa Co Ltd obtains income for 30 June 2020 from the following Australian sources, assume a corporate tax rate of 30%:

Trading net income $60,000

Rental income of $4,000

Public company franked distribution $21,000

Public company unfranked distribution $16,000

Franking credits $9,000

Required -

a) What is the total trading income?

b) What is the total dividend income?

c) What is total other income?

d) What is total taxable income?

Reference no: EM132783424

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