Jim (a 35 year old Australian resident individual) works as a flight attendant for Qantas. He had private health insurance with hospital cover (the excess for the policy is $500) for the entire 2020/21 income year.

Jim’s 2020/21 PAYG payment summary (from Qantas) contained the following:

Gross salary                                                                                          $115,000

On-call allowance (for taking extra shifts at short notice

when other staff are sick and unable to work)                                       $2,200

Total tax withheld (PAYG credits)                                                     $22,000

Jim also received the following amounts from his Australian share investments in 2020/21 (all companies that Jim owns shares in are Australian resident companies, which are liable for company tax at 30%):

Fully franked dividend from APA Group                                                   $150

Unfranked dividend from Coles Group Limited                                         $200

Jim also had a capital gain of $700 from the sale of Mirvac shares (The contract date for the sale of the shares was 29 April 2021 and Jim had acquired the shares on 23 January 2021). He also has a $200 carried forward loss from the disposal of an antique clock that occurred on 20 June 2021. Jim purchased shoes that are half a size larger than those he normally wears. He needs these on flights as he regularly experiences swelling of his feet due to cabin pressure. His employer-supplied uniforms were washed once a week for 48 weeks in 2020/21 (separately to any other clothing)

Larger size shoes                                                                                          $250

Laundry costs                                                                                               ?

Jim was concerned that he had not completed a first aid course for five years and on 1 June 2021, he completed a one day first aid course and paid the fee of $300 on the same day. He has not sought reimbursement from Qantas in 2020/21.

Required:

Calculate Jim’s tax payable (or tax refund) for the 2020/21 income year including all applicable levies, surcharges and credits/offsets. Provide calculations as well as references to legislation or case law where appropriate. In your answer, refer to the correct treatment of all amounts (items) referred to in the facts and an explanation for any item not included in the calculation.