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(a) Calculate Shaun's taxable professional income for the 2022/23 year. Shaun's taxable professional income is calculated by adding his salary and coaching income, then subtracting
(a) Calculate Shaun's taxable professional income for the 2022/23 year. Shaun's taxable professional income is calculated by adding his salary and coaching income, then subtracting any relevant deductions. Salary: $120,000 Coaching income: $50,000 Total income: $170,000 Deductions: Equipment costs: $6,000 Coaching costs: $11,000 Total deductions: $17,000 Taxable professional income = Total income - Total deductions Taxable professional income = $170,000 - $17,000 Taxable professional income = $153,000 (b) Calculate Shaun's other taxable income for the 2022/23 year. As per the information provided, Shaun does not have any other income apart from his professional income. Therefore, his other taxable income for the 2022/23 year is $0. (c) Calculate Shaun's net tax payable or refundable for the 2022/23 year. D Shaun Mender is a resident taxpayer engaged as a professional basketball player for the SouthEastern Frill Necks. He is covered by adequate private health insurance. During the 2022/23 income year, Shaun had the following transactions: Shaun commenced the year on a contract for an annual salary of $120,000. On 31 December 2022, the coach of the team was sacked following 15 successive losses. Shaun was offered, accepted, an additional $50,000 to coach the team for the remainder of the season as well as continue playing. Shaun's 2023 Income Statement disclosed the following: Gross Salary $170,000 PAYG tax withheld $65,800 Shaun incurred th
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