0.2 The Li Family Trust is a discretionary family trust with two adult resio beneficiaries, Emma and Peter. During this income year, the activiti of the trust gave rise to the following: The trustee of the trust resolved to distribute 100% of the trust incoll to Emma. Emma also has the following income: - Salary of $200,000 from which PAYG withholding tax instalmentis $60,000 have been deducted. - Work-related expenses of $275. Emma has private hospital cover. Based on the facts above: 1 Calculate the taxable income and tax payable or refund 8b Emma for the income year. 2 Would your answer differ if the Li Family Trust made a of $40,000 ? 0.2 The Li Family Trust is a discretionary family trust with two adult resio beneficiaries, Emma and Peter. During this income year, the activiti of the trust gave rise to the following: The trustee of the trust resolved to distribute 100% of the trust incoll to Emma. Emma also has the following income: - Salary of $200,000 from which PAYG withholding tax instalmentis $60,000 have been deducted. - Work-related expenses of $275. Emma has private hospital cover. Based on the facts above: 1 Calculate the taxable income and tax payable or refund 8b Emma for the income year. 2 Would your answer differ if the Li Family Trust made a of $40,000