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1.During the financial year ending 30 June 2019, a resident taxpayer Francie, reported salary and rental income totaling $110,000, and had allowable deductions totaling $15,000.
1.During the financial year ending 30 June 2019, a resident taxpayer Francie, reported salary and rental income totaling $110,000, and had allowable deductions totaling $15,000.
Required: How much LAMITO is Francie entitled to?
Please note, the question is not asking for tax payable/ refundable!
Can you please answer it in 20 minutes please?
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