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q1 A company paid a 45% percent franked dividend of $7,000 to a resident...

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Accounting

q1 A company paid a 45% percent franked dividend of $7,000 to a resident shareholder. Required Calculate the imputation(franking) credit associated with the dividend and identify which sections the dividend and imputation(franking) credit are assessed under. Explain the tax benefits of the imputation (franking) credit to a resident investor.

q2 Calculate the assessable amount associated with trading stock and apply the relevant law

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