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A resident company pays a partly franked dividend of $700 (80% franked) to a resident shareholder....

A resident company pays a partly franked dividend of $700 (80% franked) to a resident shareholder. Explain the Income Tax implications of the shareholder if he/she is: (a) an Individual who is subject to the Top Marginal Tax rate. (b) an Individual with Marginal Tax rate of 15%. (c) a company with other Assessable Income of $100,000 and a carried forward loss of $40,000. (d) a company with other Assessable Income of $88,000 and deductions of $7,000. (e) a partnership with two (2) resident Individual partners sharing partnership profits or losses equally. h

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