NEED Advise Jimand Janeregarding the income tax implications arising from the above facts. HIRAC METHOD

Jimand his wife Janelive in North Sydney. They are both Australian residents for tax purposes. Jimis employed full-time as an air traffic controller and receives a salary of $210,000 per year. Jimalso owns shares in a prominent technology company, CorpCo Ltd. CorpCo Ltd is an Australian resident company for tax purposes. During the 2021/22year, he received one dividend from CorpCo Ltd. The dividend was $2,000frankedat 75%.

Janeis a librarian and receives a salary of $90,000 per year. A few years ago Janealso wrote a cookbook which turned out to be very successful, and since then she has been invited to appear on numerous television cooking programs to perform cooking demonstrations. In 2021/22Janereceives $30,000 from performing cooking demonstrations on television. She also entereda television cooking competition MasterCook where she won$3000 in Westfield shopping giftcards.