Fred Amigo, a resident taxpayer aged 58, is the recipient of a superannuation pension, which commenced on 1 July 2018.

 

The annual pension amount is $4O,OOO.PAYG tax of $510 was withheld from the pension.

 

The tax-exempt amount in the account from which the pension is paid amounted to $150,000 out of a total account balance of $600,000.

 

Calculate Fred's taxable income for the 2021/22 tax year. Calculate Fred's net tax payable for the 2021/22 tax year.