A taxpayer is a German accountant who moved to Perth on 1 January 2020 on a working and permanent visa to take up a job with XYZ Australia.

He provides you with the following information for the 2019/20 year:

· Salary from Luxor in Germany up to 31 December 2019: $80,000

· Interest from his German bank account: $2,000, net of 10% German withholding tax, received on 10 October 2019

· Interest from his Australian bank account: $3,000, received on 3 June 2020

· Rent from his Berlin apartment, received from March to June 2020: $12,000 (this amount was paid into his German bank account and never brought into Australia)

· Salary from XYZ Australia: $60,000 for the period between January and June 2020

· Travel allowance: $5,000 paid in April 2020.

The taxpayer's taxable income in Australia for the period ending 30 June 2020 is:

Select one:

a. $80,000

b. $160,000

c. $162,222

d. $78,000