linking accounting and finance and taxation

Question 1

Capital gains tax calculated?

Answer 1

tax rates

Question 2

• Franking

Answer 2

• The company pays x amount in taxes, and then pays the dividend via franked dividends.
• The shareholders receive the cash dividend & x franking credits.
• tax amount subtract franking credits ( as the company has already paid for this)
• > leading to keeping more money and prevents double taxation