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Shane is an Australian residen to verse as bank accountadequate private health insurance? for tax purposes. During the year he derived gross business income of $152,200 and had business deductions of $87,000 (PAYG Instalments paid $15,100), $8,600 interest from an , net of $3,400 tax, and rent of $18,000 from a property in UK which he owns, net of $6,500 tax. He has
Required:
problem 1: For the year ended 30 June 2020, calculate Shane's:
a) taxable income
b) net tax payable or refundable
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