In Australia, when calculating the total tax liability of an
individual resident what happens with dividends earned from an
investment and franked credits
Example: An individual made $10,000 from dividends and $3,000 of
those were franked credits.
Question: using this formula income tax = (taxable income x tax
rate) - tax offsets. Would I add the 10,000 to the taxable income
and then add the 3,000 franked credits to the tax offsets. If not
how and where would I input...