Question
Annabel is a tax resident who provides the following details of her income and expenses during the year ended 30 June 2020: Salary -- $85,000
Annabel is a tax resident who provides the following details of her income and expenses during the year ended 30 June 2020:
Salary -- $85,000 ($19,000 tax withheld by her employer during the year)
Dividend (fully franked) received from shares in an Australian listed company -- $5,200
Dividend (unfranked) received from shares in an Australian listed company -- $3,500
Deductible expenses -- $1,900 Annabel is not married and has no children.
She does not have private health insurance.
Calculate the tax payable by Annabel for the year ended 30 June 2020.
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