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1.     A resident company pays a $7,000 fully franked dividend to each of its five shareholders.

Explain how its shareholders are taxed assuming their relevant details are as follows:

o   Tom is a resident who has salary income of $60,000

o   Teresa is a resident who has no other income

o   R Co is a resident private company that has a tax loss of $1,000

o   Super Co is trustee of a complying superannuation fund that has no other income

o   F Co is a company that is resident in the United Kingdom and has no other income.