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An investor has a taxable income of $125043. He has an investment property which earns $19360 in rental income and incurs $34719 in expenses, including

An investor has a taxable income of $125043.  He has an investment property which earns $19360 in rental income and incurs $34719 in expenses, including maintenance, local council rates, land tax and interest on a mortgage loan.  What is his total income tax payable (excluding the 2% Medicare surcharge)?

2. An investor earns $136480 in the 2021/22 tax year.  She purchases shares worth $5952 on 15 April 2021 and sold them for $9768 on 10 March 2022.  What is her income tax payable, including capital gains tax, but excluding the 2% Medicare surcharge?



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