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ACC5TAX
FINAL
SAMPLE
PAPER
, Question 1 – Residency, Dividend distribution, Taxable income, Taxable liability
Shawrya Singh moved from India to Australia on 1 December 201W on a permanent residency visa to
work for an Australian auditing firm. He is also a shareholder in a number of Australian companies, none
of which is a base rate entity.
During the 201W/1X year he received the following distributions:
01/10/201W 70% franked distribution from CSL $2,000
01/03/201X 60% franked distribution from BHP $4,000
13/04/201X Fully franked distribution from NAB $3,200
15/06/201X Unfranked distribution from ANZ $4,500
Shawrya also received a salary of $57,000 paid by his Australian employer in the 201X/1W year.
m
er s
H wa
Required
co
Assuming Shawrya does not have any allowable deductions in the current year, calculate his taxable
o.
answer.
ur rce
income and tax liability for the year ending 30 June 201X, stating relevant legislation to support your
(15 marks)
Co sou
se
re
y
ud
ACC5TAX
FINAL
SAMPLE
PAPER
, Question 1 – Residency, Dividend distribution, Taxable income, Taxable liability
Shawrya Singh moved from India to Australia on 1 December 201W on a permanent residency visa to
work for an Australian auditing firm. He is also a shareholder in a number of Australian companies, none
of which is a base rate entity.
During the 201W/1X year he received the following distributions:
01/10/201W 70% franked distribution from CSL $2,000
01/03/201X 60% franked distribution from BHP $4,000
13/04/201X Fully franked distribution from NAB $3,200
15/06/201X Unfranked distribution from ANZ $4,500
Shawrya also received a salary of $57,000 paid by his Australian employer in the 201X/1W year.
m
er s
H wa
Required
co
Assuming Shawrya does not have any allowable deductions in the current year, calculate his taxable
o.
answer.
ur rce
income and tax liability for the year ending 30 June 201X, stating relevant legislation to support your
(15 marks)
Co sou
se
re
y
ud
