ok, so my last calculation is a little flawed:
You get a 100k dividend that is fully franked
You get a franking credit at the company tax rate of 30% (30k)
So according to the ATO, the following applies:
marginal tax rate: 47%
corporate tax paid: 30,000 (franking credit)
dividend recieved: $100,000
assessable income: $130,000
tax on assessable income: (18,000 + 0.4*50,000) = 38,000
(this came from http://www.ato.gov.au/youth/content.asp?doc=/Content/40811.htm)
So:
You have to pay $38,000 tax.
You have a franking credit of 30,000 which offsets.
So you end up paying 8,000 in tax. (which ends up being 8% of the actual dividend)
hops this helps...
- Forums
- ASX - By Stock
- EXT
- the longer you wait rio the more it will cost
the longer you wait rio the more it will cost, page-19
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EXT (ASX) to my watchlist
|
|||||
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.27M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.8¢ | $70.30K | 7.942M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 7726856 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 2021924 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 7726856 | 0.008 |
10 | 3018548 | 0.007 |
6 | 4018942 | 0.006 |
3 | 1700000 | 0.005 |
1 | 500000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 2021924 | 5 |
0.010 | 12240004 | 14 |
0.011 | 4800000 | 4 |
0.012 | 3657021 | 5 |
0.013 | 99423 | 2 |
Last trade - 14.02pm 16/08/2024 (20 minute delay) ? |
Featured News
EXT (ASX) Chart |