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Question 1: During the year ended 30 June 2019, Neil, a resident of Australia, receives...

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Accounting

Question 1: During the year ended 30 June 2019, Neil, a resident of Australia, receives a $100,000 dividend franked to 100%. He has also earned bank interest of $44,500 and a salary of $140,000. He has allowable deductions of $22,510 for the year of income. Required: Calculate the net tax payable / refundable (ignore Medicare Levy).

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