INDIVIDUALS Bob Brown is single and aged 67 years. During 2020/21 his income...
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Accounting
INDIVIDUALS
Bob Brown is single and aged 67 years. During 2020/21 his income comprised:
$
Social security pension
9,290
Bank interest
120
Dividends from Australian public companies:
Unfranked:
343
franked
52
Bob did not notify his bank of his TFN, so the TFN tax of $58 was withheld by the bank. His bank statement also shows $27 in bank charges. He did not purchase or dispose of any shares during the 2020/21 tax year
Required:
Based on the above information, calculate Bobs tax liability for the 2019/20 income tax year.
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