FMG 1.17% $17.73 fortescue ltd

Iron ore price, page-10512

  1. 5,189 Posts.
    lightbulb Created with Sketch. 2502
    The way I worked it out from his comments were:
    1) Total taxable income $150,000
    2) Dividend imputation credits $30,000

    Given that imputation is at 30% that implies that $100,000 of the taxable income was in the form of dividends and the remaining $50,000 was from other sources.

    So... you're both right:
    @Cain Treanor used $100k from dividend and $50k non-dividend income, resulting in a refund.
    You used $50k dividend and $100k non-dividend income, resulting in additional tax owing.
 
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