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During the 2019-20 Tax Year TRS Ltd (Which Is Not

Question 1

Multiple Choice

During the 2019-20 tax year TRS Ltd (which is not a base rate entity) made an operating profit of $20,000 and received a fully franked dividend of 5,000. Assuming it has no other income or deductions, TRS Ltd's income tax payable for 2019-20 would be:


A) $2,143
B) $6,000
C) $8,143
D) $7,464

Correct Answer:

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