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Hari started up a new business this year selling old vinyl records. For the year ended 30 June 2022, Hari advises that his total sales

Hari started up a new business this year selling old vinyl records. For the year ended 30 June 2022, Hari advises that his total sales were $18,000 and his expenses were $25,000. Hari has been renting a small shop in an outer suburb of Adelaide and the market value of that shop was $400,000. What is Hari's taxable income for the year ended 30 June 2022?

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