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During the year ended 30 June 2019 XYZ Pty Limited, a resident Australian private company (non BRE), received a franked dividend of $10,800 with $3,200 of attached franking credits. XYZ Pty Limited had no allowable deductions.
Required
Problem 1: Calculate what is XYZ Pty Limited's net tax to pay or its refund due when its assessment issues?
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