During 2017-2018 Income year, John, an Australian resident earnt wages of $120,000 and his employee has deducted $15,000 in PAYG withholding tax deductions. Additionally, he received $15,000 in rent from his investment property which he purchased in 2014. Finally, he received an additional $10,000 as a bonus from his employer for exemplary performance. John has $8,000 in deductions. He has private hospital cover during the income year and can claim a tax offset of $1,500. What is John's income tax payable for the financial year ending? A) 24,562 B) 21,822 C) 23,322 D) 36,822 E) 27,632