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Calculate destiny net tax payable or refundable

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Question - Destiny Childs is a 57 year-old, single, resident taxpayer. She has appointed you as her tax agent and provided you with the following information for the 2018/19 tax year:

Net Business Income $42,000

Gross Wages (no PAYG tax withheld) $10,000

Assessable portion of Net Capital Gain $33,000

Net Loss from Rental Property ($22,000)

Reportable fringe benefits $7,000

Destiny does not have any dependants and was NOT covered by private hospital health insurance.

Required - Calculate Destiny's net tax payable or refundable for the 2018/19 tax?

Reference no: EM132836294

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