Determine the taxable income of the following two individual resident taxpayers:You must give reasons for your answer. 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 2020, Jonathan has a gross salary of $155,000 (PAYG tax withheld is $48,500), a fully franked dividend of $56,000 and an unfranked dividend of $7,000. He had incurred work related travelling expense of $ 8,500. He bought a laptop for $2,500 at 01/07/2019, and used it mainly for work purposes. He estimates that he used the laptop 80% 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 $3,700 during income year 2020 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.

(b) Keri sold an investment property located in Sydney on 15 May 2020. The property was leased for the entire time that Keri owned it. The acquisition and the sale of the property are as follows:Purchase on 10 June 2012Purchase price: $ 550,000Stamp duty: $ 23,800Legal costs: $ 3,700Property Renovation: 78,800Fines $19,000 from the local Council for erecting an illegal swimming pool in the backyardLegal costs $78,000 to resolve disputes with neighbour regarding the driveway of the properties. Keri was awarded legal cost of $45,000 against her neighbour.Interest payments to Commonwealth Bank $248,000Sales on 15 June 2020 for $ 1,570,000.