On 1 January 1992, Russell Shrewd purchased 1000 shares in ABC Ltd for $2,500 and 800 shares in XYZ Ltd for $5,800, intending to hold them as an investment. On 15 August 2013, he sold the shares in ABC for $15,000. As at 30 June 2014, the shares in XYZ had risen in value to $7,000. Russell's only other income in the year ended 30 June 2014 was a salary of $45,000. Required: a. What is Russell's taxable income for the year ended 30 June 2014? b. What's the total tax payable assuming Russell has a private hospital cover