Seagoon_@aussie.zone to Melbourne@aussie.zone · 3 days agoDaily Discussion Thread: 🚂 🍰🚂🍰🚂 Thursday, September 19, 2024message-squaremessage-square179fedilinkarrow-up117arrow-down10
arrow-up117arrow-down1message-squareDaily Discussion Thread: 🚂 🍰🚂🍰🚂 Thursday, September 19, 2024Seagoon_@aussie.zone to Melbourne@aussie.zone · 3 days agomessage-square179fedilink
minus-squareBottom_racer@aussie.zonelinkfedilinkarrow-up3·2 days agoYou get (20c / (1-0.3)) -20c = A franking credit of about 8.5c so you’re ending up getting 20c + 8.5c or 28.5c. It’s to avoid double taxation.
minus-squareDuenan@aussie.zonelinkfedilinkarrow-up2·2 days agooh ok, I didn’t realise you get the franking credit as well.
You get (20c / (1-0.3)) -20c = A franking credit of about 8.5c
so you’re ending up getting 20c + 8.5c or 28.5c. It’s to avoid double taxation.
oh ok, I didn’t realise you get the franking credit as well.