Solved: She also has interest of 25000 from a loan made to a friend, Accounting Basics

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She also has interest of 25000 from a loan made to a friend

Question - Evie owns shares and receives the following in the current income year:

Dividends from Company 1 - $3,400. It is franked to 80%: Franking Credit of $1,168 Unfranked dividend from Company 2 - $4,000

She also has interest of $25,000 from a loan made to a friend to renovate the friend's house. How much must Evie include in her assessable income?

$33,568

$32,400

$29,568

$8,568

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Accounting Basics: She also has interest of 25000 from a loan made to a friend

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