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Determine the taxable income and the tax payable /refundable of the following three individual resident taxpayers for 30 June 2021. (Each part is of equal

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Determine the taxable income and the tax payable /refundable of the following three individual resident taxpayers for 30 June 2021. (Each part is of equal value) You must give reasons for your answer. Your discussion must include an analysis of the pertinent sections of the relevant legislation, rulings and the relevant case law. If relevant, you must show your calculation. You must apply the law to the facts given in this question and provide YOUR OWN analysis of the issues. Calculations must be included where relevant. (a) During the income year ending 2021, Jonathan has a gross salary of $175,000 (PAYG tax withheld is $47,500), a fully franked dividend of $46,000 and an unfranked dividend of $9,000. He had incurred work related travelling expense of $ 10,500. He bought a laptop for $3,500 at 01/07/2020 and used it mainly for work purposes. He estimates that he used the laptop 70% for work. For tax purposes, he could use the laptop for 5 years and he decides to use prime cost method to calculate decline in value. His electricity bill at home is $3,900 during income year 2021 and he estimated 40% of the electricity bill is work related expense when he worked from home. He has no other deductions except for those mentioned above. (c) On 1st September 1985 Peter bought his home at Strathfield for $350,000 and lived there with his wife and children until he sold it on 1st August 2021 for $4,100,000. He had spent $750,000 to renovate and extend his home. Living next door to Peter is a difficult neighbour who pursued Peter through the court of law for an allegedly defective swimming pool that Peter had erected without the Council's final approval. To this end the Peter had a good day in court and was awarded legal costs to the tune of $17,000 against his neighbour. Peter's legal bill was $21,000. For the financial year 2021, Peter received $180,000 salaries with PAYG$58,000. Peter also purchased an antique clock for $480 in June 2017 and sold it in June 2021 for $3,000

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