Question: Tracey, a resident individual taxpayer, owns 1,000 shares in Woolworths Ltd.
On 14 September 2021, she received an unfranked dividend from Woolworths Ltd of $250.
On 3 May 2022, she received a franked dividend from Woolworths Ltd of $875, franked to 60%. The company tax rate is 30%.
What is the TOTAL amount that Tracey should include in her assessable income for the year ended 30 June 2022?