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What is his total income tax payable

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Question - An investor has a taxable income of $127913. He has an investment property which earns $20773 in rental income and incurs $35426 in expenses, including maintenance, local council rates, land tax and interest on a mortgage loan. What is his total income tax payable (excluding the 2% Medicare surcharge)?

a. $25276

b. $27276

c. $26276

d. $30276

Reference no: EM133188526

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