pec, 70,000 cash + imputation credits of 30,000 is correct
work it out, companies pay 30% tax on their earnings...
that is then returned with the dividends and called imputation credits
they attached to the franked dividend the company paid out
in some cases, there is an unfranked dividend which has no tax paid on it, so no imputation credits apply to that portion
dont you read your dividend statements ?
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- 100k is actually 70k in some cases
pec, 70,000 cash + imputation credits of 30,000 is correctwork...
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