Li earned a salary of $75,000 for the year ended 30 June 2019. She also received additional income and paid expenses as follows:

• Net rental income of $9,000

• Capital losses on sale of shares $8,000

• Bank charges of $150 on her investment account

• Tax agents fees of $500

• Purchase of a raffle ticket for $100 from the Royal Childrens Hospital. The prize was a

  motor vehicle

  Calculate Lis taxable income and tax payable including Medicare levy for the year ended 30 June 2019. State any assumptions that you make. Where possible questions should be answered with reference to legislation, case law and/or principles of tax law.