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Advise john davis of his assessable distribution income

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Reference no: EM132557145

Question - John Davis, an Australian resident. He received a cheque for $4,100 from ALF Co on 1 December 2019, a New Zealand public company. Withholding tax of $480 had been deducted from the distribution. On 4th March 2019, John received a distribution cheque from Q Co for $3,000. The distribution was 70% franked. On the same day, he received a distribution from NBC Ltd for $750, which was unfranked.

Assuming that none of the entities above was a base rate entity in the 2019/2020 year, advise John Davis of his assessable distribution income for the 2019/2020 tax year.

Reference no: EM132557145

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