Mr. Dim is 48 and an Australian resident taxpayer. He is married with two children and they all have full private hospital cover. Using the information provided below, calculate the amount of tax payable by him. Salary of $160,000 Net capital gain of $40,000; Deductions in respect of employment $15,000; Dividend income of $7,000 with a $3,000 franking credit; PAYG withholding of $45,000; Student loans of $87,000