A single person has salary income of $70,000 for the 2020/21 financial year. They have a share portfolio worth $10,000 that earned 7% fully franked dividends. They also owned an investment property that earned $14,000 net of operating expenses. The loan on the investment property incurred an interest expense of $7,000. Calculate the person's net tax payable for the year.

Question 8Select one:

a.

$15,517

b.

$17,274

c.

$17,077

d.

none of the above