VKC Enterprises Pty Ltd had Australian assessable income of $260,000 and received some foreign income, which consisted of the following: a cash dividend from a Singaporean company for $9,000 (net of $1,000 Singaporean tax that had been withheld from that payment) and interest from a US bank of $4,500 (net of $500 in US withholding tax withheld from it). What is the assessable income of VKC Enterprises?

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The Answer of VKC Enterprises Pty Ltd had Australian assessable income of $260,000 and received some foreign income, which consisted of the following: a cash dividend from a Singaporean company for $9,000 (net of $1,000 Singaporean tax that had been withheld from that payment) and interest from a US bank of $4,500 (net of $500 in US withholding tax withheld from it). What is the assessable income of VKC Enterprises?

VKC Enterprises Pty Ltd Had Australian Assessable Income of $260,000