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In the current income year, an Australian resident individual receives assessable income of $70,000 from sources in Australia and $4,500 interest from the UK (net

In the current income year, an Australian resident individual receives assessable income

of $70,000 from sources in Australia and $4,500 interest from the UK (net of 10% UK

withholding tax), and has deductions of $2,000. This individual's total tax liability in

Australia, at the end of the current income year, is:

a) $16,232

b) $16,732

c) $15,272

d) $14,772

(explain how to het the answer)

Deegan. (2016).Financial Accounting. McGraw-Hill Education, Australia

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