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A resident of Australia for tax purposes received salary of $120,000, rental income of 26,000 and interest income of 4,000 during the 2021/2022 income year.
A resident of Australia for tax purposes received salary of $120,000, rental income of 26,000 and interest income of 4,000 during the 2021/2022 income year. All sources of income were from Australia. Calculate the tax liability (disregarding any tax offsets and levies)
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