Conor is an Australian resident. He is a full-time high school student and is 17 years old and 114 days at 30 June 2018. Conor derived the following amounts during the 2018 income year:

Gross wages earned working part-time at Woolworths (includes PAYG withholding tax of $460 deducted) $5,440

Rental income derived from rental property left to him by his late grandmother who passed away six years ago $8,420

Birthday money received from grandfather $250

Interest on ANZ bank account (account used for above items) $140

100% franked dividends received from Westpac Ltd shares. $490 *

*The shares were bought for Conor by his older brother, Sean. Sean has an arrangement that Conor pays him the amount of the dividends 490

Required:

(a) Calculate Conor's taxable income for the year ended 30 June 2018 showing the eligible taxable income and excepted assessable income components of his income.

(b) Calculate Conor's tax payable for the year ended 30 June 2018.