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Damien is a resident taxpayer and has a dependant spouse Angela (born 1962) that earned $10 000 in taxable income for the year ended 30

Damien is a resident taxpayer and has a dependant spouse Angela (born 1962) that earned $10 000 in taxable income for the year ended 30 June. Damien earned $85 000 in salary and wage income (PAYG deductions of tax withheld of $24 000), received cash dividends of $3500 (fully franked with $1,500 of imputation credits attached) and a net capital gain of $20 000 (after discount applied) for the year ended 30 June. Damien and Angela have no dependant children and they have appropriate private health insurance. Damien's net tax to pay or refund due when his assessment issues will be: Question 8Select one: 1. $2917 tax payable. 2. $28 647 tax payable. 3. $1500 tax refund. 4. $6297 tax payable. 5. $5719.50 tax payable.

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