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) (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 August2021 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. 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) (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 August2021 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