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Question - Helen Anderson is an office manager and has asked you to prepare her income tax return for the current tax year. Helen is single and has the appropriate private hospital cover. She has advised you of the following income items:
Net wages of $43,000
PAYG withheld from her salary is $12,000
Interest income of $300
Fully franked dividends receipt of $1,000
Business income from a hobby making bed necklaces of $500
Required - Compute the Helen's taxable income for the current tax year?
A. $56,729
B. $56,300
C. None of these
D. $55,300
E. $44,300
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