Part A 1 . AMANDA :` Gross salary $124000 AN Z Saving Account - Interest 3 %/0 $270 AN Z Bond Fund - Distribution $900 ANZ Bank Dividend $1980 + Imputation Credit $848.57 Macquarie Group Dividend $787. 50 + Imputation Credit $337. 50 Total $ 129123.57 Expenses. Travelling* $7500 FCPA Membership Fees $720: 3220 Total $125903.57 Tax Payable = ( 124000 + 270 + 900- 900 0 0 ) x 3 7 %/0 + 3.37. 50+ 848.57+ 20799 = 34997.57 Medicare Levy = 125903. 57 x 2%0 = 2518. 0702\ Amanda After Tax Income = 125903. 57 - 34997. 97- 2518. 0702 = 88387. 53 ZHANG AN Z Savings Account - Interest 3%/0 $270 Gross salary $62000 Total $62270 Expenses.Traveling $4200 Donations $1500/$3700 Total $58570 Medicare Levy = $58570 x 2% = 1171.4 Tax Payable= $3572 + (%58570 -3700)x 32.5% = 10582.25 After Tax Income = $58570 - 1171.4 - 10582.25 = 46816.35 Amanda and Zhang after tax income = $88387.53 + $46816.35 = $135203. 88 FAMILY Gross salary $124000 (Amanda) ANZ Saving Account - Interest 3% $540 ANZ Bond Fund - Distribution $900 Bank Dividend ANZ $1980 + Imputation Credit $848.57 Macquarie Group Dividend $787.50 + Imputation Credit $337.50 Gross Salary $62000 (Zhang) Total $191393.57 Expenses: Traveling $2500 (Amanda) and $2200 (Zhang) FCPA Membership Fees $120 (Amanda) Donations $1500 (Zhang) / 6920Assessment task Question 1: Case studv You are a nancial adviser and the following information is an extract of data you gathered as part of fact nding during an initial client consultation for a married couple Zhang [aged 53} and Amanda [aged 55} Wei. Zhang works as a part-time senior teacher in a secondary school and Amanda. a CPA. is a public practitioner. The couple has 3 children aged 23, 26 and 22. Dnlv the youngest child is still living at home but plans in move out within the next 1 or 2 vears. - The Wei couple would like to know their net earnings after paving tax for the year ended BUT" June 2019. Thev would also like advice on how to reduce their tax liability in the future. - 10 months ago Amanda invested in equity. She bought 55D shares in ANZ Bank at $30 a share and 15D shares in Macquarie Group $112 a share. She wants to sell her Macquarie Group shares [expected sale price $130) to lock in her prot and has come to vou for advice. - Zhang is concerned about his superannuation. He would like to know how much return his superannuation is making. He is 53 and describes himself as a conservative investor and is stressed observing the frequent change in value of superannuation portfolio