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Jack is a resident taxpayer for Australian tax purposeshe acquired 10000 shares in USA company on 1 July 1982 at a cost of $15000 and

Jack is a resident taxpayer for Australian tax purposeshe acquired 10000 shares in USA company on 1 July 1982 at a cost of $15000 and was sold for $35000 on 1 May 2020. The market value was $6000 as at 1 November 2018.

Please calculate his taxable income for the 2019/2020 tax year.

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