STE 2 - Income from personal exertion $ Tips Gross Wages Clothing Allowance Shift Allowance Worker's Compensation Lump Sum Damages ASSESSABLE INCOME
STE 3 - Calculation of tax payable from dividend income $ Dividends - ABC Franking Credit - ABC Dividends - DEF Franking Credit - DEF Unfranked Dividends - XYZ TAXABLE INCOME Tax on $ Less: Low-Income Offset LAMITO Add: Medicare Levy Less: Franking Tax Offset TAX REFUNDABLE
STE 4 - Assessable income from business - debtors $ Receipts from customers - credit sales Add: Closing Balance - debtors Less:Opening Balance - debtors Insurance Recovery ASSESSABLE INCOME
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