4H Question 1 -worth 32 marks Holly Gordon has retired and derives her income from a series of investments and a part time job at the local cafe. Her income and expenses for the year include: + Income Superannuation pension 15,000 Wages from Caf (tax withheld $2,367) 22,000+ Tips received from the Caf from customers+ (but she did not wish to declare them as income) 1,500 Laundry Allowance from Caf 450 Reimbursement for use of her own motor vehicle For work purposes 750 Compensation payment Holly had been injured work. She finally received settlement for her claim. The S60,000 represented $12,000 in lost wages from the 2017/2018 year. $5,000 represented medical expenses and the remainder was for pain and suffering and damage to her left wrist 60,000 Bank interest 2,000 Dividend fully franked 10,000 This dividend carried franking credits of $4,286+ Partial 75% franked dividend 5,000 This dividend carried franking credits of $1,607 Rent Bequest from friends estate 10,000 7,500 4H Question 1 -worth 32 marks Holly Gordon has retired and derives her income from a series of investments and a part time job at the local cafe. Her income and expenses for the year include: + Income Superannuation pension 15,000 Wages from Caf (tax withheld $2,367) 22,000+ Tips received from the Caf from customers+ (but she did not wish to declare them as income) 1,500 Laundry Allowance from Caf 450 Reimbursement for use of her own motor vehicle For work purposes 750 Compensation payment Holly had been injured work. She finally received settlement for her claim. The S60,000 represented $12,000 in lost wages from the 2017/2018 year. $5,000 represented medical expenses and the remainder was for pain and suffering and damage to her left wrist 60,000 Bank interest 2,000 Dividend fully franked 10,000 This dividend carried franking credits of $4,286+ Partial 75% franked dividend 5,000 This dividend carried franking credits of $1,607 Rent Bequest from friends estate 10,000 7,500