Calculate the net tax payable of private health pty ltd

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Question - Private Health Pty Ltd derives $400,000 net trading income from Australian sources during the current tax year. The company also earns the following:

  • $56,000 - Franked dividend from public companies with an imputation credit of $24,000.
  • $50,000 - Unfranked dividend from resident private companies.
  • $20,000 - Interest income.

Assume Private Health Pty Ltd is a small business entity.

Calculate the net tax payable of Private Health Pty Ltd Ltd for the year ending 30 June 2017.

Reference no: EM131680445

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