Hillda resigned from his employment with Fairy Dairy Products on 2 Jan 2022 at age 50.

Details related to the year ended 30 Jun 2022 were:-

i) He received $30,432 gross salary

ii) He has incurred $152 being transportation expenses in relation to work. This was not reimbursed by his employer. This is an allowable deduction.

iii) The employer has deducted $23,300 as PAYG.

iv) The unused long service leave accrued during his employment is $10,030.

v) His unused annual leave is $4,100 and unused sick leave of $1,200

Hillda also receives a superannuation lump sum of $83,000 which comprised of a tax-free component of $5,000 and the remainder was from a taxable component of the fund. Assume that the fund is a taxed fund.

Required

Calculate Hilldas taxable income and net tax payable or refundable for the year ended 30 June 2022. Show all working.

Total 14 marks