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Calculate michael taxable income for the tax year

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Reference no: EM132703286

During the 2018/19 tax year, Michael Bauris (a resident taxpayer) had the following receipts:

Salary (net of $18,000 PAYG tax withheld) $55,000

Fully Franked Dividend - ABC Ltd $9,800

Unfranked Dividend - XYZ Ltd $900

Problem 1: Calculate Michael's taxable income for the 2018/19 tax year.

Select one:

Option 1: $83,700

Option 2: $69,900

Option 3: $87,900

Option 4: $87,000

Reference no: EM132703286

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