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Prepare tax documentation for individuals Ahmed, an Australian resident, was made redundant on 30 June 2020 at the age of 58. He had been employed

Prepare tax documentation for individuals

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Ahmed, an Australian resident, was made redundant on 30" June 2020 at the age of 58. He had been employed at the company for 14 years and 9 months. His taxation records for the year ended 30th June 2020 revealed the following: Gross wages up to redundancy $65,000 (PAYG withheld $18,400) Interest on savings account held jointly with spouse $4,200 Genuine redundancy payment $93,000 Lump sum received from his superannuateon fund: Taxable component (element taxed in the fund) $372,000 (PAYG withheld $26,000) Ahmed has adequate private health insurance cover for the year. Required: For the year ended 30 June 2020, calculate Ahmed's: (a) taxable income (b) net tax payable or refundable

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