Franking credit attached
$428.57
Grossed-up dividend: $1,428.57
Tax on grossed-up amount
$457.14
Extra tax payable
$28.57
Cash after tax settles
$971.43
Estimate only, not tax advice. Fully franked dividends carry credits at the company tax rate (30%, or 25% for base-rate entities); excess credits are refundable for Australian residents. Set your marginal rate to include the Medicare levy for a closer estimate.
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