During the 2018/19 tax year, Michael Bauris (a resident taxpayer) had the following receipts:

Salary (net of $18,000 PAYG tax withheld) $55,000

Fully Franked Dividend - ABC Ltd $9,800

Unfranked Dividend - XYZ Ltd $900

Calculate Michael's taxable income for the 2018/19 tax year.

Select one:

$83,700

$69,900

$87,900

$87,000