Question

In Australia, when calculating the total tax liability of an individual resident what happens with dividends...

In Australia, when calculating the total tax liability of an individual resident what happens with dividends earned from an investment and franked credits

Example: An individual made $10,000 from dividends and $3,000 of those were franked credits.

Question: Do you add the $10,000 to the individual's assessable income and then add the 3,000 franked credits to the tax offsets generally or am I doing this wrong.

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