Assignment Task Two (15 marks) laceline Oliver is a 45 year old woman, divorced, and an Australian resident for tax purposes. Joceline has run a small business (Magic Cleaning) since 2010 in Sydney (NSW), providing cleaning service to households and shopping captres Jaceline's mother is 71 years old and lives on a disability pension. Due to her mother's health condition, on 3 October 2023, Joceline moved into her mother's house in Glendale (regional NSW) to be able to take care of her. Since then, while Magic Cleaning is still operating, there has been not much revenue generated as most customers are based in Sydney. Joceline wanted some work with an employer so that she could have more time to take care of her mum. On 15 February 2024, Jaceline started a customer care job with Laptop Tools. For the tax year 2024, Jaceline leased the home she owns in Sydney through a real estate agent. She also owns shares in Australian companies. Details of Joceline's receipts and payments for the year ended 30 June 2024 are as follows fall amounts are inclusive of GST where applicable): Receipts Grass Salary (LapWipp) (note 1) $47,820 Fully Franked Dividend received (ASX listed company) $320 Unfranked dividend received (ASX listed company) $250 Net Bank Interest received from UK bank (note 2) $ 700 Grass Rental Income $20,400 Gross Income (Magic Cleaning) $21,800 Payments Loan interest, insurance, and management fees on the rental property (relevant to the rental period). $18,300 Total annual expenses for internet and phone, used 50% for Magic Cleaning and 50%% for personal use. $2,250 05/03/2022 - purchase of a computer used 50%% for Magic Cleaning and 5016 for personal purposes. It has an effective life of 3 years. $2,540 05/7/2023 - purchase of a calculator used 100% for Magic Cleaning purposes. It has an effective life of 4 years. $70 08/07/2023 - purchase of cleaning chemicals and PPE for Magic Cleaning. $1,890 01/10/2023 - paid annual subscription on a website for Magic Cleaning. $50 15/10/2023 - paid removal costs to Glendale. $3,500 10/11/2023 - paid an invoice for fixing wooden stairs of the rental property. It has an effective life of 10 years. 2,400 05/12/2023 - purchased and installed a new air conditioner for the rental property. It has an effective life of 15 years. 3,540 Other information: Jaceline does not have private hospital cover.b. Her mother's disability pension was $11,200 for the tax year, and she did not receive any other income. Joceline used her privately owned Citroen car for business purposes. She purchased the vehicle in September 2020 at a cost of $30,000. For the tax year 2024, Joceline shows records that she travelled 4,500 kms for Magic Cleaning and 2,500 kms for WOWpp however she has not maintained a logbook. Notes. 1. Joceline's payment summary from UpWop also showed the following details: PAYG Deducted $10,400 Reportable Fringe Benefits $1,100 Reportable Employer Superannuateon Contributions $750 2. Amount shown in Australian dollar equivalent (AUD). $100 AUD withholding tax was deducted by the UK institution from the gross interest earned. Required Calculate Joceline's minimum taxable income and her actual tax payable/refundable for the year ended 30 June 2024. Present all workings in a professional manner including brief comments as to why amounts were not included in Joceline's taxable income. References to relevant case law, ATO rulings and sections of the Income Tax Assessment Acts are NOT required