The taxable income includes both the dividends you receive PLUS the imputation credits. The total of these is the taxable income. I am very sure of this. From the assessable tax based on this figure, the imputation credits are then credited back in the calculation. But they do need to be added to the taxable income as if they were paid out. And, as stated, the taxable amount then is reduced by the imputation credits. Magneto had it right, except for Medicare but with the low income, may be zero.
