(Answered) Question - private health pty ltd derives 400000 net

Accounting

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 for the year ending 30 June 2017.

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