2. Jack is studying in Australia and is a resident for tax purposes. During the 2020-2021 income year, he earns $80,000 in wages, and his employer, Hype Ltd takes $20,000 in PAYG withholding tax from his pay. He has $1000 in work expense deductions and is entitled to a tax offset of $1000. Jack also has private hospital insurance cover. How much income tax will be payable or refundable? E Group of answer choices $17,722 Payable $3,278 Refundable $16,142 Payable $3,778 Refundable $2,278 Refundable