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What is her income tax payable

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Reference no: EM133188528

Question - An investor earns $144262 in the 2021/22 tax year. She purchases shares worth $5579 on 15 April 2021 and sold them for $10001 on 10 March 2022. What is her income tax payable, including capital gains tax, but excluding the 2% Medicare surcharge?

a. $40262

b. $39262

c. $39080

d. $40080

Reference no: EM133188528

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