income tax law

Question 1 Source: POTL 2020 end of chapter question 3.8 and 3.9 (adapted). Linley is an Australian resident individual for income tax purposes. The following facts are relevant to her 2019-2020 income year. She has taxable income of $177,000 from employment and interest on a bank deposit. Her HELP debt balance is $25,000. She is aged 38, single, and has sufficient private health cover for the full income year. Her employer withheld PAYG totalling $68,000 from her salary and remitted the amount to the ATO. Her employer-issued PAYG payment summary also reflected reportable fringe benefits totalling $10,000 that her employer paid FBT on. You are required to: Calculate Linley's tax payable or refundable at the end of the 2019-2020 income year. Show all your calculations, present all formulas and bases for your calculations in words, and provide reasons for your answer. Nandinn Question 1 Source: POTL 2020 end of chapter question 3.8 and 3.9 (adapted). Linley is an Australian resident individual for income tax purposes. The following facts are relevant to her 2019-2020 income year. She has taxable income of $177,000 from employment and interest on a bank deposit. Her HELP debt balance is $25,000. She is aged 38, single, and has sufficient private health cover for the full income year. Her employer withheld PAYG totalling $68,000 from her salary and remitted the amount to the ATO. Her employer-issued PAYG payment summary also reflected reportable fringe benefits totalling $10,000 that her employer paid FBT on. You are required to: Calculate Linley's tax payable or refundable at the end of the 2019-2020 income year. Show all your calculations, present all formulas and bases for your calculations in words, and provide reasons for your answer. Nandinn