Lauren has a medium sized equity portfolio. She receives the following dividends, all fully franked at the 30% rate: $450, $520,$530, $1,500,...

Q1. Lauren has a medium sized equity portfolio. She receives the following dividends, all fully franked at the 30% rate: $450, $520,$530, $1,500, $2,050,$1,950 and $2,500. She also receives $345, $2795 and $3250 in unfranked dividends. Calculate her franking credits.

Q2. Bryan has a 41.5% marginal tax rate. He receives $5000 in fully franked dividends. How much additional tax will he pay over the franking credits?