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Note - the benchmark franking percentage is 70%. The commissioner has not been...

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Accounting

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Note - the benchmark franking percentage is 70%. The commissioner has not been notified of any variation. Required: a) Prepare the franking account for the 2020/21 tax year using the table below. (15 marks) b) Calculate any additional taxes payable. (5 marks) Note: - you will need to copy (Windows: Ctrl+C / Mac: Command + C) the below template answer tab - then paste (Windows: Ctrl+V / Mac: Command + V) into the answer box, and input your answ

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