Michael is 15 years old. He is a full time student and for the year ended 30 June 2017' earned $3,550 (PAYG deducted $300} from a part time job stacking shelves at the local garage. He also earned $490 interest and $1600 partially franked dividend (imputation credit $180). Calculate Michael's taxable income and tax payable for the year ended 30 June 201?. Calculate the taxable income and tax payable assuming interest earned was $1,500 and not $490. Note this is a question about taxation of Minors\" income and not a trust