Shane Edwards, is a resident individual who earned a gross salary of $25,000 and received a fully franked dividend of $10,500 for the year ended 30 June 2020. Shane's also had tax instalments (PAYG) deducted from his salary income of $6,000. Shane has no dependants and is not entitled to any dependant tax offsets/rebates.
What is Shane's net tax payable/refundable (including Medicare levy if applicable but ignoring tax offsets) for the year ended 30 June 2020?

Question

Quizplus · Accepted Answer

The Answer of Shane Edwards, is a resident individual who earned a gross salary of $25,000 and received a fully franked dividend of $10,500 for the year ended 30 June 2020. Shane's also had tax instalments (PAYG) deducted from his salary income of $6,000. Shane has no dependants and is not entitled to any dependant tax offsets/rebates.
What is Shane's net tax payable/refundable (including Medicare levy if applicable but ignoring tax offsets) for the year ended 30 June 2020?

Shane Edwards, Is a Resident Individual Who Earned a Gross