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-JOE's taxable income is $400,000 for the year ended 31 March 2020 included in the taxable income of $400,000 is: -gross interest from WPC bank

-JOE's taxable income is $400,000 for the year ended 31 March 2020

included in the taxable income of $400,000 is:

-gross interest from WPC bank of $3000, with $840 RWT withheld

-a dividend from KJL Ltd of $1,222 cash plus imputation credit of $778 attached (KJL is not required to withhold JOE from this dividend)

-provisional tax of $36,000 was laid on august 2020

Calculate JOE's residual tax (RIT) for the year ended 31 March 2020

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