Jim is a builder aged 42 and is married to Marie. He works part-time because he has previously suffered a serious injury. Jim earned $95,000 as a salary for the year and incurred $6,000 in work related expenses. His employer deducted $30,962 in tax on his salary during the year. He also earned $2,700 in fully franked dividends and $2,000 in unfranked dividends. Jim paid $3,200 for his private health insurance for the year. Marie only earned $1,800 for the year and is not entitled to any family tax benefits.

Required:

Calculate Jims taxable income and tax liability/refund for the year ended 30 June 2016. It is not necessary to calculate the Private Health Insurance offset