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ABC Co Ltd is a base rate entity, which has less than $2 million aggregated...

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Accounting

ABC Co Ltd is a base rate entity, which has less than $2 million aggregated turnover. ABC Co Ltd derives income for the current income year (all from Australian sources) comprising net income from trading of $90,000, franked distribution from public companies amounting to $21,000 (carrying an imputation credit of $9,000), unfranked distributions from resident private companies amounting to $21,000 and rental income of $5,000. Calculate the net tax payable by ABC Co Ltd for the year ended 30 June

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